Copper price set for worst week since 2022 as China Plenum disappoints

Copper prices have retreated from a record in May on concerns about the strength of demand in China, where growth was the slowest in five quarters in the three months to June. The outcome of the Third Plenum, a key conclave of Communist Party officials in Beijing this week, has so far showed few signs of major steps to boost demand or arrest a long-running property slump.

Copper output from Codelco this year to top 2023, chairman says

Codelco chairman Maximo Pacheco said on Thursday that the state-run copper giant expects production this year to outdo 2023, with recovery expected in the second half of the year.

China copper smelters eye more output cuts as raw material supply tightens

A shortage of copper concentrate this year has forced a few smelters in China to cut output, and more curtailments could follow next year when raw material supply is expected to tighten further, industry participants and analysts said.

China copper smelters plan to cut output after margins fall

Two Chinese copper smelters have laid out plans to reduce production next year as an imbalance between mine supply and smelting capacity continues to drive down processing margins.

Copper price edges down to two-week low amid demand uncertainty

Copper edged down to a two-week low in choppy trading, amid uncertainty over supply and demand in China and weakness in equity markets.

Antofagasta expects 2024 copper output at low end of yearly forecast

Chilean miner Antofagasta said on Wednesday it expects full-year copper output at the lower end of its 670,000 to 710,000 metric ton guidance range, due to lower ore grades.

Copper market’s biggest whale fuels speculation of a major shift

For months, as copper spiked to record levels and then fell back down again, one key question has bubbled up across the metals industry: What is China’s state grid operator up to?

Barrick’s quarterly gold and copper output edges higher

Canadian miner Barrick Gold’s second-quarter gold output edged up by almost 0.9% from the previous three months, helped by higher production at Turquoise Ridge in Nevada and expansion at its Porgera mine in Papua New Guinea, it said on Tuesday.

Marimaca Copper gets $50m injection from Assore

Chile-focused Marimaca Copper said on Tuesday that Assore International Holdings (AIH), a subsidiary of South Africa’s Assore Group, is investing C$68 million ($50m) in the company.

Lundin pitches BHP on joint bid for copper miner Filo

Lundin Mining Corp. has approached BHP Group about making a joint bid for copper miner Filo Corp., people with knowledge of the matter said, in a move that could solve fundraising needs for a neighboring project it wants to build.

Nearby copper price hit by weak China demand, warehouse surplus

Subdued copper demand in top consumer China and the delivery of surplus metal to the London Metal Exchange (LME) approved warehouses has propelled the price discount for nearby contracts against the benchmark contract to record highs.

Zambia says China’s JCHX will invest $300m in Lubambe copper mine

China’s JCHX Mining plans to invest $300 million to breathe new life into Zambia’s Lubambe Copper Mines which it recently acquired, Zambia’s state mining investment unit, ZCCM-IH said on Thursday.

Sprott says new copper fund too small to pose market risk

Sprott Inc. says its new fund to buy and hold physical copper will be too small to have an impact on global availability of the industrial metal, despite past controversy over attempts to launch similar products about a decade ago.

CMOC to double copper output at Congo mines to 1 million tonnes by 2028

CMOC Group plans to more than double copper output from its mines in the Democratic Republic of Congo over the next four years, setting a new much higher target for the metal as future demand is seen strengthening.

CMOC to double copper output at Congo mines to 1 million tonnes by 2028

CMOC Group plans to more than double copper output from its mines in the Democratic Republic of Congo over the next four years, setting a new much higher target for the metal as future demand is seen strengthening.

Talon Metals grants additional royalty on Tamarack nickel-copper project

US critical minerals developer Talon Metals (TSX: TLO) has announced the sale of a net smelter return royalty to a subsidiary of Triple Flag Precious Metals (TSX: TFPM; NYSE: TFPM) for consideration of $8 million.

Panic short-covering ignites Comex copper as shipments fail to arrive

Comex copper futures surged on Friday as some players bought back bearish, or short, positions to reduce their exposure due to expected shipments of copper failing to arrive in the United States, traders and analysts said.

Key China copper premium climbs above zero as orders pick up

A key measure of Chinese copper demand has returned to positive territory for the first time in almost two months as users stepped up purchases.

Congo sells its own copper from joint ventures for first time

The Democratic Republic of Congo’s state miner has started selling its share of copper from joint-venture projects for the first time as the country seeks greater control over a metal key to the energy transition.

Codelco sees copper output ticking up in second half of year

Chilean copper mining giant Codelco’s output continued to decline year-on-year in the first half of 2024 but should tick up in the second half of this year, the chairman of the state-run miner, Maximo Pacheco, said on Wednesday.

Copper price extends rebound on hopes for US rate cuts, China stimulus

Copper rose for a third day, extending its rebound from a two-month low, as investors weighed possible stimulus measures in China and interest-rate cuts in the US.

Southern Copper flags progress at key Peru mine, share prices rise

Miner Southern Copper will likely finish building its Tia Maria copper project in southern Peru in up to two years and then begin production in 2027 if not sooner, chief executive officer Oscar Gonzalez told local radio broadcaster RPP.

China’s copper stockpiles shrink again in hint at demand upturn

Copper stockpiles in China, which have ballooned this year, continued to slide in a tentative sign that buyers are returning in the world’s biggest consumer of commodities.

Vedanta set to regain control of Zambia copper mine

Vedanta Resources Ltd. is close to taking back control of the Konkola copper mine in Zambia and plans to quickly ramp up output as demand is expected to surge in the coming years.

Freeport Indonesia launches $3.7bn Gresik copper smelter to meet renewables demand

Copper miner Freeport Indonesia on Thursday launched its $3.7 billion copper smelter in Gresik, East Java, citing growing demand for the metal in the race to transition to renewable energy.

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