China’s top smelter slashes floor treatment and refining charges for copper concentrate in the third quarter by 3.6 per cent against the previous corresponding period- reports Reuters.
- The treatment charges set by the China Smelters Purchase Team stood at USD 53 per tonne while the refining charge floor stood at 5.3 cents a pound.
- The above-presented treatment and refining charges have been relatively reduced over supply concerns as compared to the third quarter treatment charges floor at USD 55 per tonne and refining charges floor at 5.3 cents a pound in 2019.
There is no one left untouched by the charm of the multibillion-dollar global boom in cannabis. Its glorious journey from a criminalized drug to being used in over 20 countries for treating medical conditions.
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Find out the drivers for the rise in cannabis stock rates Even though the cannabis sector is in its growing phase, Australian cannabis stocks have already started to rise actively due to a hastily increasing patient base, and a legislative landscape that is gradually beginning to liberalise.
Outreach and future of cannabis stocks As countries liberalise regulation for medical and recreational use of cannabis, it is predicted that the industry would grow sharply in upcoming years The global cannabis market stands currently at around $8 billion and it is expected that the hemp derived CBD market to hit approximately $22 billion by 2022.
Key Players in the sector Althea Group Holdings Limited (ASX: AGH) and Cann Group Limited (ASX: CAN) are amongst the top players. Other Australia cannabis market players are- MGC Pharmaceuticals Ltd (ASX: MXC), Elixinol Global Limited (ASX: EXL), THC Global Group Limited (ASX: THC), AusCann Group Holdings Limited (ASX: AC8)