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Those who have been following copper would be aware that the Panamanian government has ordered First Quantum Minerals Ltd to shut down operations at its Cobre Panama copper project, which can produce 400,000 tons of copper a year.Last week Anglo American Plc announced that it will slash production from its flagship copper business in South America, reducing its copper production target for 2024 by about 200,000 tons.Both BMO Capital Markets and Goldman Sachs Group are now forecasting copper deficits next year with supply tightening.
Those who have been following copper would be aware that the Panamanian government has ordered First Quantum Minerals Ltd to shut down operations at its Cobre Panama copper project, which can produce 400,000 tons of copper a year.
Last week Anglo American Plc announced that it will slash production from its flagship copper business in South America, reducing its copper production target for 2024 by about 200,000 tons.
Both BMO Capital Markets and Goldman Sachs Group are now forecasting copper deficits next year with supply tightening.
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