blaming heavy rain, absenteeism linked to the pandemic and a mechanical failure at one of OZ’s mines.as demand for the commodity soars as the world seeks to decarbonise. If the world is aiming for a 1 ½.5-degree global warning limit, the new copper supply would need to lift 40 per cent over the next decade, says Vivek Dhar, CBA mining and energy commodities analyst.
Real estate fell 1.9 per cent, while consumer services and industrials dipped 1.2 per cent. Utilities rose 1.4 per cent.On the leaderboard, Lake Resources came in behind OZ Minerals with a gain of 15.6 per cent. Imugene added 9.6 per cent while Afterpay-owner Block rose 7.2 per cent despite Morgan Stanley dropping its price target to $85 from $110 to “reflect management’s more conservative tone on outlook and competition”.payments company reported second-quarter gross profitsRedbubble jumped 16.
In Hong Kong, a revised coronavirus hotel quarantine policy of three days reduced from one week yielded only mixed results for the listed casino sector. Arrivals will instead spend four days in home isolation from Friday.