Miner Kaz Minerals on Thursday took a cautious stance on the short-term outlook for the copper market, due to concerns over the prolonged Sino-US trade war and slowdown in the world’s top metals consumer China, as it posted a lower first-half profit.
The Kazakhstan-focused company was the latest to call out the risks to copper market arising from trade concerns, with global miner Rio Tinto warning earlier in the year that fears of the ongoing spat would weigh on its shares.