Copper Equities Down 5.5% Week over Week, RBC Says
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Copper equities have declined by 5.5% over the past week, influenced by a drop in gold prices, a strengthening U.S. dollar, and a surge in oil prices, according to RBC Capital Markets. The situation is exacerbated by China's planned halt on sulfuric acid exports, which could impact global copper output. Ivanhoe Mines is expected to benefit from this supply squeeze, while Capstone Copper and Lundin Mining may face cost challenges in their Chilean operations. Current copper price stands at $78.52, down 4.52%.
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