Antofagasta revels in rising copper demand as countries embrace net zero transition August 10, 2023 Higher copper prices and sales has powered Antofagasta to bumper earnings over the first six months of trading this year.
Available LME copper stocks fall to the lowest since 2021 June 22, 2023 Copper available to the market in London Metal Exchange fell to the lowest level since October 2021, data from the exchange showed.
Critical Metals enters copper market with production at Congolese mine January 26, 2023 Critical Metals has announced its entry into the copper market, as it looks to cash in on the orange metal's latest rally.
The West faces copper crisis as China dominates key markets November 7, 2022 The West has fallen behind rivals such as China in the race to secure copper supplies, warns a leading expert.
Exclusive: The West must accept climate trade-offs in green metal push October 31, 2022 The West should be honest about the environmental effects of mining for vital green metals, argued Amaroq boss Eldur Olafsson.
Fluctuating copper prices result in 30 per cent revenue drop for Antofagasta August 11, 2022 Antofagasta’s revenue dropped 30 per cent to $2.5bn (£2.05bn) in the first half of 2022 as market volatility led to lower copper prices and sales while a drought persisted in Chile. The Chilean mining company reported profit before tax at $680m (£557m), a $1.1bn (£0.9bn) decline from a year before with EBITDA 47.5 per cent [...]
Glencore lowers copper production guidance due to problems at Congo mine July 29, 2022 Commodities trader Glencore today said it is set to produce less copper this year than previously forecast due to technical issues at its Katanga mine in the Congo. The Anglo-Swiss multinational lowered its copper production guidance figures by 4.5 per cent, from 1,110 kt to 1,060 kt due to the ongoing geotechnical constraints related to [...]
Mining giant BHP warns of continuing market volatility into 2023 July 19, 2022 Mining giant BHP has said it expects market volatility caused by inflationary pressures, labour shortages, and supply chain disruption to continue into 2023. In a trading update, the Australian firm said the war in Ukraine and the energy crisis in Europe will offset any positive economic impacts of China’s stimulus policies on global growth, as [...]
Antofagasta in line with expectations despite pressures October 20, 2021 British multinational Antofagasta has remained in line with expectations, registering a steady production during the third quarter of 2021, with copper and gold increasing by 1.5 and 8.8 per cent compared to the previous one. Cost performance was also in line with the group’s predictions even though the company – like many others – is [...]