Dr. Copper hints mining sector officially out of intensive care
Copper, until recently one of the worst performing commodities in the past two year, is having a great month, with prices up about 20% to more than $5,700 a tonne Thursday.
Of 22 banks polled NO-ONE sees copper price rally continue
The surge in the copper price to near 18-month highs following Donald Trump’s win in the US presidential election came as a surprise to an industry under pressure since 2011 over growing supply.
Warnings as copper price surge continues
While gold’s initial rally following Donald Trump’s victory in the US presidential elections have evaporated, the rally in industrial metals continued on Friday with the copper price jumping to a 17-month high.
Copper price jumps to 6-month high
In early trade on Monday copper for delivery in December touched six-month highs with copper futures exchanging hands for $2.3125 per pound in New York and topping $5,000 a tonne in London dealings for the first time since end-April.
Electric cars to reshape copper and oil demand
According to Bloomberg New Energy Finance, EVs could displace 2 million barrels a day of oil demand as early as 2023. “That would create a glut of oil equivalent to what triggered the 2014 oil crisis.”
Copper price slump devastating Chile state finances
Amid a broad rally in mining and metals, the red metal’s performance has been lacklustre managing only a 2.2% gain in 2016, following a drop of 26% last year.
Copper price is going nowhere
Credit ratings agency Moody’s warned at the beginning of the year that the current downturn in raw materials was like no other and that defaults among mining and metals companies could reach levels last seen during the height of the financial crisis.
Copper price falls again despite monster Chinese imports
In New York trade on Tuesday copper for delivery in September suffered another down day despite indications of continued strong Chinese demand.
Copper production growing by 1m tonnes a year
Global copper production capacity at mine level through 2019 is expected to grow at a robust average annual rate of 4% to reach 26.5 million tonnes (mt) a year in 2019, according to a new report by the International Copper Study Group.
Copper’s $149 Billion Mine Pipeline Stalls as Deficit Nears
The $149 billion pipeline to expand the world’s copper supply is running into trouble.
Copper stocks deep into red as gold miners surge
It was a tale of two markets on Friday as the shares of diversified mining majors were dumped and gold stocks surged after the UK’s vote to leave the European union wreaked havoc on financial and commodity markets.
Are copper and China set to rally?
In marked contrast to gold, copper looks to be set up for a sizable rally here. On its one-year chart we can see that after its significant drop during May and early June, it is down on an important support level that is certainly capable of generating a rally, despite its still bearishly aligned moving [...]
Новиченко объяснил выбор Краснокаменска местом размещения медеплавильного завода
Вице-премьер правительства Забайкальского края Сергей Новиченко 20 июня на пресс-конференции по итогам Петербургского экономического форума объяснил выбор Краснокаменска местом размещения медеплавильного завода текущими возможностями города для размещения готовых производств.
Kincora consolidates the Mongolian southern Gobi copper-gold belt
Kincora Copper Limited (the “Company”, “Kincora”) (TSXV:KCC) is pleased to announce it has reached agreement providing for the merger of two Kincora subsidiaries with Ibex Land Mongolia LLC and Ibex Mongolia LLC (“Ibex”), entities indirectly controlled by High Power Exploration Inc (“HPX”).
Copper price won’t lag spiking oil for much longer
The price of copper in New York was drifting lower on Tuesday with July futures exchanging hands for $2.0870 a pound in late afternoon trade.
Researchers develop new cost-effective method to find copper
Porphyry-type copper deposits provide 75 percent of the world’s copper and a significant amount of molybdenum and gold. These rare deposits, which originally form at several kilometers below the Earth’s surface, above large magma chambers, are most economical to mine. However, most near-surface deposits have already been discovered.
World’s No.1 copper miner Codelco posts historic loss of $1.4bn in 2015
Chile’s Codelco, the world’s No.1 copper producer, posted Thursday (in Spanish) a net loss of $ 1.4 billion for 2015 related to asset impairments and a sharp fall of prices for the red metal.
Rio, shifting focus, replaces veteran Walsh with copper boss
Rio Tinto has named its copper and coal division head, Jean-Sébastien Jacques, as its chief executive, replacing veteran Sam Walsh and marking a shift for the Anglo-Australian mining major that has long focused on iron ore.
Mongolia: the slow and bumpy road
Mining is a political business – and nowhere is this more evident than Mongolia. This landlocked Asian country has huge mineral wealth but, even at the peak of the commodities cycle, was singularly unable to develop its mining industry to any significant extent. Now parliamentary elections, coupled with the downturn in global commodity demand, look [...]
Copper prices plummet on China worries, oil collapse
Copper prices fell the most in two weeks in London, as investors’ worries over China’s deepening economic slowdown and collapsing oil prices dampened sentiment across commodities markets.
Rio told to start buying copper mines rather than build them
Rio Tinto Group should focus on buying floundering rivals to secure copper mines instead of building new ones, according to Sanford C. Bernstein Ltd.