Monday, March 17, 2025 | 01:20 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Copper price rebounds as global energy crisis keeps roiling the market

Power shortages are forcing output cuts from China to Europe

Skeptics see price rises as largely driven by temporary spurts or bottlenecks -– and point out that similar alarm bells were sounded after the 2008 crash, when inflation never showed up
Premium

Cooper

Bloomberg
Most base metals rose, with copper trimming a weekly slump, as the sector continues to be roiled by the global energy crisis.
The energy crunch, fueled by record coal and gas costs, has forced metal output cuts from China to Europe, depleting inventories. Copper mining giant Freeport-McMoRan Inc. reported lower-than-expected third-quarter production from its sites in the Americas, adding to concerns over a tight market that’s fueled a historic squeeze and seen prices near record levels recently.
 
Yet the surge in prices is also raising concerns about the sustainability of the the global recovery, putting pressure on manufacturing margins and supply.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in