Copper looks to China stimulus, and remarks by Burkina Faso president clips miners

Copper prices were down 1.7% for the week, but a weekend press conference by China's finance ministry could provide the metal with a lift.

Todays Miner

Oct 12, 2024 - 09:48

Jan 31, 2025 - 04:59

Copper looks to China stimulus, and remarks by Burkina Faso president clips miners

On Friday mining audiences manager Michael McCrae at Kitco recorded a roundtable.

China’s finance ministry holds a Saturday press conference to announce policies to support the country's economy. PRC Macro says the central government could possibly announce a bond quota increase of RMB1-2trn.

In mining news, miners such as Orezone, West African Resources and Endeavour Mining all saw stock declines when Burkina Faso junta leader Ibrahim Traore said he is going to withdraw mining permits.

On Saturday Traroe made a radio address asking why multinationals were operating in the country, saying the country knew how to mine gold.

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