Chinese Power Crunch Shaking Up Market, Solaris Resources Powers Through

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ValueWalk

China has seen a dip in the demand for some metals, and it’s affecting the demand for metals — especially copper. Many large factories and producers are slowing down production to conserve energy. Meanwhile, global copper inventories have been falling at an unprecedented pace to reach near record lows. As a result, copper prices will average more than $4 a pound this year, Diego Hernandez, Head of Chilean Mining Society Sonami, told Bloomberg in an interview. “The supply-demand equation for copper is very tight, even amid market-wide uncertainties fueled by Chinese property turmoil and a globa…

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