Tag: Copper
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$1.3 Billion Chinese Investment in Zambian Copper Sector as EU Readies Competing Deal – The China Global South Project
[ad_1] The Chinese mining giant China Non-Ferrous Metals Mining Company (CNMC) announced a plan to invest $1.3 billion in Zambia across a range of sectors. The agreement, announced by CNMC chairperson Xi Zhengping, includes a $400 million investment in the Chambishi copper mine, run by its subsidiary Non-Ferrous Corporation Africa PLC (NFCA), aimed at increasing its output…
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Copper price slides as global demand drops sharply
[ad_1] The value of copper has widened to the most important low cost towards its futures equal in virtually twenty years, in a warning signal of a sudden weakening in world demand as China’s financial rebound stalls. Copper for settlement in two days was $66 cheaper on Monday than shopping for a contract to ship…