Copper reaches new historic high after Fed rate cuts and improved economic projections
Copper hits a new all-time high after the Fed's rate cut and improved economic projections in the US, boosting industrial metals.
Silver hits a new all-time high near $1,620, driven by expectations of a rate cut in the U.S.
Silver has reached new all-time highs near $62 per ounce, driven by expectations of interest rate cuts, strong industrial demand, and a uncertain global environment.
Copper hits new all-time high amid bullish forecasts from Citi and massive inventory drawdowns in the U.S.
Copper reached a new all-time high, driven by bullish projections from Citi and an accelerating outflow of inventories to the US, in a market anticipating a global deficit.
A Hochschild subsidiary will invest US$277 million to build its first rare earth separation plant in the U.S.
«"Aclara Resources, a subsidiary of Hochschild, will invest US$277 million in the construction of its first rare earth separation plant in Louisiana, U.S., with the aim of supplying key industries such as electric mobility and wind energy.".
Peruvian mining companies will redirect 15% of their exports to Asia due to the risk of U.S. tariffs.
Peruvian mining companies are considering redirecting up to 15% of their exports to Asia in light of potential U.S. tariffs under a possible Donald Trump administration, according to Washington López, a financial analyst and metals pricing expert.
US Tariffs Will Continue to Affect Peruvian Market Until at Least July: VT Markets Warns of Regional Impact
According to VT Markets, the effects are already reflected in international metals prices and in the volatility of Latin American currencies such as the Peruvian sol.
Peruvian exports will suffer when US tariffs come into effect, and it would also affect GDP.
For Eduardo Ramos, markets analyst at VT Markets, Latin American countries like Peru, Mexico, Argentina, and Chile, which depend significantly on their trade ties with the US, experienced a positive technical reaction in their stock markets and local currencies.