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Rio Tinto Group’s copper production rose 9% in the first quarter, thanks to a ramp-up at the Oyu Tolgoi copper mine in Mongolia, while iron ore output in Australia also climbed in spite of seasonal weather disruptions.
Source
Bloomberg Markets
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Hedge funds and other asset managers are ramping up bets on dollar weakness using options, in a sign the market is turning even further against the US currency as haven demand wanes.
Copper smelters in China churned out a record volume of refined metal last month, as surging prices of byproduct sulfuric acid encouraged higher output and aided the industry’s profitability.
If pump prices do rise, the effects will be felt across the broader economy.
JPMorgan Chase & Co. is working toward getting approval from Chinese securities regulators to launch actively managed exchange-traded funds in the country for the first time.
