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.
Chile losing ground as top copper producer as metal price in the pits
Resilience in the copper industry, its producers and investors, continues to be tested this year, as the metal price has touched fresh lows, falling last week to $1.95 per pound, a price last seen in May 2009, and analysts don’t see a clear end to China’s slowdown.
The one copper price vs China chart you want to see today
It’s only 12 January and the copper price is down 8% year to date.
Turquoise Hill jumps on 2016 guidance
Shares in Turquoise Hill Resources (TSE,NYSE:TRQ) jumped nearly 5% in early trade on Wednesday after the company announced 2016 production and financial guidance for its Oyu Tolgoi copper-gold mine in Mongolia.
Dr Copper, the economy and the stock market no longer in sync
Doctor copper, can no longer be viewed as a leading indicator, in fact, a name change might be in order. A change of name from Dr Copper to deadbeat copper might in order, given its dismal record over the years. After the financial crisis of 2008-2009, the economy, the stock markets and copper parted ways; [...]
Xanadu Mines to drill for more copper as investors increase support
Major investors in Xanadu Mines (ASX:XAM) have committed to extend their support for the company’s Kharmagtai copper project in Mongolia by participating in an expansion of a recent fundraising drive.
Top 15 copper mines worth $103bn less than a week ago
It’s been a brutal November on copper markets with a only one up day of trading since the start of the month. Just over the last week the price has fallen more than 7%.
Copper price hits fresh six year low as Paris attacks continue to weigh in
Copper prices extended losses on Tuesday, hitting a fresh six-year low as the terror attacks in Paris added to concerns about the global economy that have caused a month-long selloff.
These 10 mines will set the copper price for the next decade
Chile’s state-owned copper giant Codelco’s announcement today of another round of layoffs is just the latest sign of an industry under stress. Copper has recovered from six-year lows struck late August on the back of supply cuts by major producers but at around $2.30 a pound or $5,000 per tonne on Tuesday there isn’t much [...]