Southern Copper CFO sees a global copper market deficit this year
The CFO of Southern Copper indicates a global copper market deficit this year, suggesting potential upward pressure on prices due to supply constraints.
Chairman of Iran's Shipping Association's Container Committee says 40% of Iran's trade can be transferred to land routes and corridors; up to 15 percent of Iran's total transit volume can be transferred to the North-South Corridor, Fars reports
Exact calculations of Iran exports impossible as tankers switching off tracking systems, analysts say; Iran only shipped 4mln bbls of crude out of Gulf of Oman between April 13-25th
Southern Copper CFO sees a global copper market deficit this year
ECB officials see June hike if energy prices do not ease first, Bloomberg reports
US DoE solicits exchange of up to 92.5mln bbls of oil from SPR
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This aligns with other recent supply-side challenges in the commodities sector, which may further complicate inflation dynamics and impact related currencies. Traders should watch for how this sentiment influences copper prices and broader market reactions in metals and mining stocks.
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