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The International Wrought Copper Council predicts a shortage in the copper market in 2018 in the amount of 249 thousand tons and its decline to 165 thousand tons in 2019, as it expects global demand for copper, which may exceed its production, in these two years. According to experts, this year 23 million 600 thousand tons of refined copper will be produced in the world, next year its production will be 24 million 280 thousand tons. At the same time, experts expect a general increase in demand for metal. According to their calculations, the global increase in demand for copper will be 3% to 23 million 849 thousand tons this year and 2.5% to 24 million 445 thousand tons next.
Apple, Google, Amazon, and Facebook’s chief executive officers faced Republican and Democratic U.S. lawmakers on Wednesday for the much-anticipated congressional hearing. The CEOs were questioned for alleged abuse of their market power ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The euro steadied at four-month highs on the dollar after investors pinned hopes on the EU economic rescue fund as European leaders are expected to break a deadlock and agree on a deal. EU leaders had differing stands on the proposed 750 billion ...
Asian markets are poised to start with a firmer tone on Friday, disregarding an overnight decline in U.S. stocks. The decline was mainly from the United States’ move of debating new economic stimulus in a bid to salvage the virus-beaten ...
The U.S. economy likely boosted employment at record levels in June as more bars and restaurants resumed operations. Though this would indicate that the virus-driven recession was probably over, an upsurge in new coronavirus cases threatens ...
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