Copper smelters warn of closures as crunch talks get underway
Copper smelters are warning that plants may shut down or even go out of business if the industry’s processing fees drop too sharply, as annual supply negotiations with key miners get underway this week.
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Apache Tribe takes fight against Resolution Copper to US Supreme Court
The San Carlos Apache Tribe is taking its longstanding fight against the Resolution Copper project to the US Supreme Court after the Arizona state court ruled in favour of the Rio Tinto-BHP joint venture.
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Visit: 53
Exuberant iron ore, subdued copper show different sides of China stimulus
China’s significant stimulus measures have kicked the prices of key metals higher, and the gains have largely been sustained even amid a debate as to whether Beijing has actually done enough to boost the world’s second-biggest economy.
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Visit: 63
Vale’s new boss pledges to grow copper output after falling behind rivals
Brazilian miner Vale aims to boost its copper production, the company’s new CEO said on Wednesday, conceding it has lost ground to its competitors in output of the key industrial metal.
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Visit: 36
Firms substituting cheaper aluminum for copper, trend growing
Some companies in Asia and Europe are starting to substitute cheaper aluminum wire for copper and the trend is due to gain momentum as copper prices are expected to see further gains, consultancy CRU said on Tuesday.
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Visit: 62
Top copper supplier Chile posts best monthly output of this year
Chilean copper mines delivered their best month this year as the top-producing country recovers from operational and project setbacks that took output to 20-year lows.
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Visit: 57
Codelco’s copper output has begun to recover, chairman says
Codelco’s output has begun to recover from a slump that has thrown its status as the world’s largest copper miner into doubt, with the company’s chairman saying production rose year-on-year in August and September.
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Visit: 52
Copper takes top spot again as best prospect at LME seminar
Copper was the sweeping choice for the industrial metal with the best outlook for higher prices, attendees at a London Metal Exchange (LME) event said on Monday.
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Visit: 64
South32 hunts for copper as it returns cash to shareholders
Diversified miner South32 will consider both buying and building from existing mines to get more copper, its chief executive said on Thursday, as yearly profit beat market expectations and the company returned cash to shareholders.
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Copper in a ‘materials trilemma’: McKinsey
Copper is a key metal for the global energy transition but is grappling with supply challenges as it becomes entangled in what McKinsey & Company calls the “materials trilemma”.
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Visit: 49
Next phase of CopperString construction begins
Construction of the second workforce accommodation at the CopperString 2032 project has commenced.
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Visit: 67
Adani’s billion-dollar copper play slows amid mining shortfall
Gautam Adani’s $1.2 billion copper smelter will face a slow ramp up to reach its nameplate capacity as a global shortfall of ore restricts supply to processors.
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Visit: 40
Mining industry struggles with valuation gap amid shift to copper
Leading mining companies are struggling to balance investor expectations for hefty returns with paying the necessary premiums to buy pure play copper companies as global demand for the metal sends valuations soaring.
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Visit: 32
Glencore Congo copper mine hit with €800 million royalty row
A Glencore Plc-owned copper mine in the Democratic Republic of Congo is embroiled in a row over royalties with local tax authorities.
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Panama eyes export of First Quantum’s stockpiled copper
Panama’s finance chief sees no good reason why First Quantum Minerals Ltd. shouldn’t export the large volume of copper stockpiled at its shuttered mine in the country.
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Visit: 29
Zijin wants its Africa copper mine to rival the world’s biggest
China’s Zijin Mining Group Co. is considering an expansion of its jointly-owned copper mine in the Democratic Republic of Congo that would place it among the world’s biggest single sources of the metal.
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Visit: 34
Koryx Copper raises $7.4 million to advance African projects
Koryx Copper (TSXV: KRY) said on Wednesday it has received funding commitments of C$10 million ($7.4 million) to help advance its flagship Haib project in Namibia and other copper exploration projects in Zambia.
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Visit: 32
A copper M&A frenzy masks big miners’ hesitation to build
In the dusty, treeless outback of Southern Australia, a brand new mining camp is home to a hundred workers, putting in 12-hour days, two weeks at a time. Dozens of trucks are scattered across the vast acreage, mounted with towering rigs drilling more than 2 kilometers (1.3 miles) underground. All are focused on the hunt for one of the world’s most coveted minerals: copper.
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Visit: 60
Copper price sees strong week with boost from Fed, China demand
Copper rose to a two-month high to cap a strong week for metals, helped by the Federal Reserve’s half-point rate cut.
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Visit: 55
Anax Metals forms another copper alliance
Anax Metals and Artemis Resources have signed a memorandum of understanding (MoU), marking the formation of a copper alliance in the Pilbara region of Western Australia.
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Visit: 66
Carnaby celebrates ‘significant’ copper-gold results
Carnaby Resources is celebrating assay results from drill holes at its Mohawk copper-gold discovery within the Greater Duchess copper-gold project in Mount Isa, Queensland.
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Visit: 88
Copper processing charges could fall further next year, says Cochilco
A global mined copper shortage will continue into 2025, putting pressure on processing charges that were already at historic lows this year due to the expansion of smelters, said Chile’s state-run copper commission Cochilco in a study on Thursday.
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Visit: 85
Harmony targets first copper from Australia mine by 2028
South Africa’s Harmony Gold expects to start producing copper from its Australian mining project by 2028, the company said on Thursday, as it diversifies into the key decarbonization metal.
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Visit: 64
Carlyle’s Currie sees copper price capped at $9,500 on China demand
Copper is likely to trade in a tight range of $8,500 to $9,500 a metric ton until policy support in top consumer China starts to create some demand strength, according to veteran commodities analyst Jeff Currie.
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Visit: 65
Codelco bids $500 million for stake in key Chile copper mine
Chile’s Codelco, seeking to retain the title of world’s top copper supplier, made a $500 million offer to buy a stake in a mine run by Teck Resources Ltd., people with knowledge of the matter said.
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Visit: 50