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Mining industry bracing for volatile nickel, copper
Business World Philippines
|June 23, 2025
THE Chamber of Mines of the Philippines (CoMP) said on Sunday that the air strikes on Iran will make prices of industrial metals like nickel and copper more volatile, while investors are expected flock to gold to ride out the crisis.
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“Historically, industrial metals such as copper and nickel often experience volatility due to supply chain disruptions and shifting demand, while geopolitical tensions of this scale drive up gold prices,” CoMP Chairman Michael T. Toledo said via Viber.
The US early Sunday struck several key nuclear facilities in Iran, with US President Donald J. Trump claiming in a speech that sites were “totally obliterated,” and warned that the US could go after additional targets.
Denne historien er fra June 23, 2025-utgaven av Business World Philippines.
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