Mark Burton
Reporter at Bloomberg News
Bloomberg reporter covering industrial metals in London. Opinions are mine.
Articles
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2 weeks ago |
bloomberg.com | Faseeh Mangi |Mark Burton
Barrick Gold Corp. has provisionally approved plans to develop a vast copper-and-gold project in Pakistan, and expects to sign a $3 billion funding package for the mine in the third quarter. Financing for the Reko Diq project is led by the World Bank’s International Finance Corp., with participation from state funding agencies in the US, Germany, Japan and elsewhere, Barrick Chief Executive Officer Mark Bristow said Tuesday in an interview in Islamabad.
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2 weeks ago |
bloomberg.com | James Attwood |Julian Luk |Mark Burton
Two weeks ago, copper prices were surging as traders warned that threatened US tariffs on the metal would squeeze global supplies. Now, copper bulls are confronting one of the market’s worst-ever selloffs as President Donald Trump’s broader trade war upends the outlook for demand.
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2 weeks ago |
bloomberg.com | Annie Lee |Mark Burton
Copper plunged more than 5% to trade below $9,000 a ton, in the biggest drop since July 2022, as worries over the impact of a worsening trade war sparked a heavy selloff in industrial metals and mining equities. The bellwether metal slumped as much as 5.1% to $8,890.50 a ton in London, extending a heavy selloff seen on Thursday after sweeping tariffs from US President Donald Trump triggered a rout in global financial markets.
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3 weeks ago |
bloomberg.com | Mark Burton
China’s recent surge in production capacity is putting copper and zinc plants at risk as fees turn negative. This article is for subscribers only. Welcome to Energy Daily, our guide to the commodities markets powering the global economy. Today, Europe metals and mining team leader Mark Burton examines the sorry state of copper and zinc smelters. The world’s copper and zinc smelters face an industrywide plunge in profitability as they fight to lock in supplies of mined ores.
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4 weeks ago |
bloomberg.com | Lucy White |Mark Burton
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