Copper miners to see profit grow further in 2018 — report
Copper miners to see profit grow further in 2018 — report
After struggling with falling copper prices since 2011, producers of the red metal are finally recording profits thanks to this year's upswing. And, according to analysts at S&P Global Market Intelligence, the miners’ profit margins are set to grow further in 2018."Copper prices are up 24% since the beginning of the year and 58% from the lowest seen in recent history — $1.96 a pound on January 2016.
Currently,electric cars add up to roughly 1 million,mining company BHP estimates, that figure,it believes coud rise to 140 million electric vehicles or 8% of the global fleet,
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