Morning Bites (part 2)

🇵🇪 Glencore’s Antapaccay mine in Peru was hit by vandals, a company official has reported. As a result, two mine vehicles and a water facility were burned in the attack. According to the local press, most of the 2,400 workers have been evacuated from the site, leaving just essential personnel required to maintain basic operations. On our numbers, Antapaccay’s production, which is now at risk, accounted for 0.8% of world mine copper output in 2021. Hence, the news might be supportive for the metal’s price

⛔️MMG’s Las Bambas has halted mining activities because of safety concerns, according to the mine's union leader. The decision was made following unrest at another nearby mining site. However, MMG's representative declined to comment. Overall, Las Bambas accounted for 1.4% of global copper mined supply in 2021, which is likely to add slight upbeat sentiment to the red metal's price

#copper
https://metals-wire.com:3000/sector/Copper