Morning Bites (part 2)

🇵🇦Cobre Panama has reduced its processing operations, amid protests against the project, that have blocked the mine's Punta Rincon port access, according to a First Quantum press release. Specifically, the delivery of supplies for Cobre Panama's on-site power generation plant had been affected. As a result, one of the three processing trains was ramped down. This might be a supportive factor for copper prices, if the operational issues at the site persist, we believe. To recap, Cobre Panama accounts for ~2% of global copper output, while 60% of Punta Rincon's copper concentrate export is destined for China

#copper
https://metals-wire.com/sector/Copper