The state-run Chilean Copper Commission (Cochilco) will soon revise its copper price outlook, which will be considerably higher than the previous forecast, the body’s technical head said on Tuesday.

Tuesday, May 14, 2024 - 14:23:05

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Copper climbed above $10,000 a ton as predictions for tighter global supplies and rising consumption in electric vehicles and power grids countered signs of demand destruction in top user China.

Friday, May 10, 2024 - 18:05:59

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Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Group Inc. warned of intensifying supply stress.

Tuesday, May 7, 2024 - 22:32:54

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Peru’s dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper prices and a bullish outlook they will rise further, helping lure back investor interest, the country’s mining minister said on Friday.

Sunday, May 5, 2024 - 14:40:13

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Around $7 billion of infrastructure investments in the Democratic Republic of Congo by Chinese companies in a revised minerals deal will largely depend on copper prices remaining high, details of the agreement published on Friday show.

Friday, May 3, 2024 - 14:34:05

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Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand conditions in China.

Tuesday, April 30, 2024 - 23:51:58

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Brazilian miner Vale on Wednesday said lower prices for iron ore, nickel and copper in the first quarter dragged down earnings compared to the year before, as it posted net profit slightly below analyst estimates.

Wednesday, April 24, 2024 - 16:52:59

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Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that miners will struggle to service a surge in demand for the bellwether industrial metal.

Monday, April 22, 2024 - 22:32:16

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Copper traded near a 15-month high as supply concerns and brighter demand prospects triggered a slew of bullish calls on the market.

Tuesday, April 9, 2024 - 23:04:16

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Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter supply and hopes for a recovery in Chinese demand.

Monday, April 8, 2024 - 21:37:51

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Copper rallied back above $9,000 a ton as investors weighed upbeat factory data from top consumer China and the potential for output cuts by the country’s leading smelters.

Tuesday, April 2, 2024 - 19:39:17

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Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut.

Wednesday, March 13, 2024 - 22:20:21

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Copper extended a weekly gain, with some analysts predicting that the market could soon turn decisively higher as bearish investors are forced to unwind heavy bets against the metal viewed as a global economic bellwether.

Friday, February 16, 2024 - 21:22:04

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The state-run Chilean Copper Commission (Cochilco) said on Monday it was raising its projections for 2024 copper prices to $3.85 per pound, up from $3.75.

Tuesday, January 16, 2024 - 23:04:43

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Mining News Pro - Copper prices need to nearly double in order to prompt mining companies to build costly mines to meet rising demand for critical materials, according to billionaire Robert Friedland.

Friday, December 15, 2023 - 23:22:00

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Mining News Pro - Mine closures and disruptions have rapidly changed the landscape for copper supplies and prompted analysts to lower their forecasts for surpluses in a positive signal for prices of the industrial metal.

Sunday, December 10, 2023 - 22:11:26

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Mining News Pro - Copper futures rose 0.3% to $8,162.50 as of 11:03 a.m. in New York.

Friday, November 10, 2023 - 18:34:33

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Mining News Pro - Copper miner Freeport-McMoRan posted a better-than-expected third-quarter profit on Thursday, but said it would slow expansion plans due to inflation and slumping prices for the red metal used across the global economy.

Friday, October 20, 2023 - 13:14:21

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Mining News Pro - The copper price rose on Friday after Beijing delivered a boost for China’s property sector, while a private survey pointed to a pick-up in the country’s manufacturing sector.

Friday, September 1, 2023 - 22:24:33

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Mining News Pro - Copper headed for a third straight weekly loss — tracking a broad slide in global risk assets — as concerns about China’s economy and widening housing crisis put markets in bearish mood.

Monday, August 21, 2023 - 18:15:16

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Mining News Pro - Copper headed for a third straight weekly loss — tracking a broad slide in global risk assets — as concerns about China’s economy and widening housing crisis put markets in bearish mood.

Friday, August 18, 2023 - 22:13:43

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Mining News Pro - Copper prices fell on Friday after data demonstrating the sluggish nature of China’s post-pandemic recovery.

Friday, August 11, 2023 - 21:52:07

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Mining News Pro - Chilean miner Antofagasta (LON: ANTO) posted on Thursday a 7.5% increase in half-year profit as higher copper sales more than offset lower prices for the metal, considered essential for the world’s transition to a greener economy.

Thursday, August 10, 2023 - 22:12:09

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Mining News Pro - Copper hit a three-month high as it headed for its biggest monthly advance since January, supported by growing optimism over Chinese demand and mounting supply risks in Chile.

Wednesday, August 2, 2023 - 00:28:54

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Mining News Pro - The Chilean Copper Commission (Cochilco) on Wednesday lowered its forecast for the average copper price in 2023 to $3.85 per pound amid doubts about international economic performance.

Thursday, July 27, 2023 - 16:50:04

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