Apr 06, 2021

Rosy outlook for Australian copper earnings

Rosy outlook for Australian copper earnings Copper casting at Glencore's Mount Isa operations.

Recent record-high prices have seen the Office of the Chief Economist revise up Australia’s expected copper export earnings by $2 billion for this financial year. Copper export earnings are forecast to reach $12 billion in 2020–21, 18 per cent higher than the previous year, as prices surge. The post-COVID global economic recovery and rising investment…

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