London copper climbed to its highest in more than a week on Wednesday, buoyed by brighter data from the United States and expectations of seasonally improving second-quarter demand. U.S. consumer confidence surged to a more than 16-year high in March amid growing labour market optimism while the goods trade deficit n
Near the extinct volcano known as Monte Pissis, high in the Andes on the Chile-Argentina border, the air is thin and animal life scarce. It’s also a prime location for lithium, the silvery-white metal used in the production of lithium-ion batteries.
Copper rebounded from a near two-week low on Wednesday as investors took advantage of a correction to rebuild long positions amid persistent supply issues, including a strike at the world's biggest copper mine in Chile.
U.S. shale producers are drilling at the highest rate in 18 months but have left a record number of wells unfinished in the largest oilfield in the country – a sign that output may not rise as swiftly as drilling activity would indicate.