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COPPER PRODUCERS EMBRACE ENERGY SHIFT, STAY FINANCIALLY STRONG
November 29, 2023
|The Business Guardian
The report forecasts copper prices to average around $8,000 per tonne in 2024 and 2025, slightly lower than the peak but higher than midcycle assumptions
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Global copper producers maintain a stable credit outlook for 2023, according to a recent assessment by Fitch Ratings. This stability is attributed to robust financial positions, driven by strong copper fundamentals and a commitment to reducing debt.
The report highlights the thriving demand for copper due to its essential role in the ongoing global energy transition. However, challenges such as disruptions in mining operations, declining ore quality, and project delays and cost increases pose obstacles to the supply chain.
هذه القصة من طبعة November 29, 2023 من The Business Guardian.
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