Copper bosses warn of mine shortage in race to meet net zero demand October 9, 2023 The transition to low carbon energy could be jeopardised by the lack of new copper mines to keep pace with growing demand.
Copper prices slide as waning demand in China causes stocks to rise September 24, 2023 Copper prices have dipped despite hopes of rebounding demand in China, as its economy recovers from the pandemic.
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 [...]