Morning Bites

💍Hong Kong jewellery and watch sales rose 129% YoY in February, after the 23% YoY growth in January. The sales in February were the highest total for any month since January 2020, according to the government’s data. The data reflects the improvement in consumer sentiment, along with the low comparison base from the previous year due to the COVID-19 restrictions

📈The first copper concentrate has been produced at QB2, Teck reports. The operation targets achieving 285kt – 315kt (~1.1% of global copper supply in 2025F) of annual copper production in 2024-26F. The mine opening is set to double Teck's copper output on a consolidated basis, as the project ramps up to full production through 2023. We note that Teck owns 60% of the project

#diamonds #copper
https://metals-wire.com:3000/news-reports