American Pacific Mining Corp C.USGD

Prices On The Rise. Should Help Miners

[goldennorth]

This should help rise stock prices.
Copper price surges on supply threat as iron ore shows economic risks.

"Copper futures surged over $4.0 per pound, reaching the highest in eleven months after top Chinese copper smelters agreed to reduce production at unprofitable facilities due to raw material shortages."

"Zinc prices rose above $2,500 a tonne, their highest level in over two months, fueled by supply concerns, as Seokpo smelter in South Korea has cut its output by a fifth."

"Copper has surged 5% this week, ending a months-long spell of inertia, as investors hone in on risks to supply at mines and smelters. Tentatively, traders are also warming to the idea that the worst of a global downturn is in the past, particularly for metals like copper that are increasingly used in electric vehicles and renewables."

https://www.mining.com/web/copper-price-surges-on-supply-threat-as-iron-ore-shows-economic-risks/