Copper

  • Lycaon Resources Advances Niobium-Copper-Gold Exploration in West Arunta

    BY Lara Browne
    Lycaon Resources is on the brink of completing heritage surveys at its West Arunta Stansmore project, gearing up for drill-testing of 3D magnetic targets indicative of carbonatite-hosted niobium-copper-gold mineralization. The tier-one Luni discovery by WA1 Resources, located 90km south, showcases the exceptional discovery potential of the West Arunta region in central Australia. Lycaon, holding exploration...
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  • Copper Production Slightly Dips to 425,000 Tons in Norilsk Nickel’s 2023 Report

    BY Lars Jensen
    Norilsk Nickel, a key player in the global market for palladium, nickel, platinum, and copper, reported its 2023 operational results, highlighting a mixed performance across its portfolio. The company achieved its yearly production goals for nickel and copper and exceeded expectations for palladium and platinum, despite facing maintenance adjustments throughout the year. Despite the decline...
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  • True North Copper and Glencore Forge Partnership to Advance Cloncurry Copper Project

    BY Lara Browne
    In a move poised to impact the global copper market, True North Copper (TNC) has announced a partnership with commodities giant Glencore to advance the development of the Cloncurry Copper Project (CCP) in Queensland. This collaboration is expected to not only significantly boost TNC’s Cloncurry copper project but also contribute to the global copper industry....
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  • Copper Market Poised for Upswing in 2024 Amid Tight Supply and Anticipated Rate Cuts

    BY John Davis
    The copper market is on the cusp of a significant rebound this year, fueled by a confluence of tightening global supplies and the prospect of more accommodative monetary policies. Despite the overhang of uncertainties surrounding China’s economic trajectory, the essential industrial metal, often seen as a barometer for economic health due to its broad industrial...
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  • China’s Leading Copper Smelters Advocate for Production Reductions

    BY Lars Jensen
    In a recent development that could have significant implications for the global copper market, China’s premier copper smelters have proposed substantial production cuts. This decision comes in response to a sharp decline in the treatment charges for copper concentrate over the past few months, according to three sources acquainted with the situation. During a meeting...
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  • Kazakhstan Sees Dip in Non-Ferrous Metals Exports Amid Changing Global Demands

    BY Lara Browne
    Kazakhstan, a significant player in the non-ferrous metals market, has experienced a downturn in its export volumes across various metals, including copper, aluminum, zinc, lead, and titanium, over the first 11 months of 2023. The decline reflects shifts in international demand and market dynamics, impacting the country’s trade relationships and revenue from these crucial resources....
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  • Capstone Copper Outlines 2024 Prospects After Reporting 2023 Production

    BY Lars Jensen
    Capstone Copper has recently shared its production achievements for 2023 and laid out its operational and financial forecasts for 2024, offering a comprehensive overview of its current standing and future directions in the copper mining sector. In 2023, Capstone Copper met its production targets, with a total copper output of 164,353 tonnes. This performance was...
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  • KGHM Reports Increase in Copper Sales in December; Overall Annual Production Declines

    BY Lara Browne
    KGHM, a listed copper producer, reported a slight increase in its copper sales for December, with a total of 53,100 tonnes sold, marking a 1 percent year-on-year increase. This growth in sales was predominantly driven by KGHM International Ltd., while KGHM Polska Miedz S.A. and Sierra Gorda S.C.M. experienced lower sales. Despite the uptick in...
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  • CyclOpe Index Forecasts Decline in Industrial Commodity Prices for 2024

    BY John Davis
    According to the latest CyclOpe index, global prices for industrial commodities are expected to continue their downward trend in 2024, with notable exceptions like uranium, copper, and aluminum. In 2023, the index, which aggregates price changes for the world’s main listed commodities, recorded a 14 percentage point decrease from the previous year. Key Trends in...
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  • Jiangxi Copper Partners with Danieli Frohling for Plant Expansion

    BY Lara Browne
    Jiangxi Copper, China’s prominent copper cathode producer and supplier of various copper products, has selected Danieli Frohling’s technology and equipment for its plant expansion in Nanchang, Jiangxi, China. This partnership signifies a major advancement in the company’s production capabilities. The investment by Jiangxi Copper aims to boost its annual production capacity by approximately 15,000 tons...
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  • True North Copper Secures Partnership with Glencore for Cloncurry Copper Project

    BY Lars Jensen
    True North Copper has successfully signed binding offtake and toll-milling agreements with Glencore for its Cloncurry Copper Project (CCP) in Queensland. This partnership marks a significant advancement for True North Copper in its copper production endeavors. Details of the Partnership – The binding offtake agreement with Glencore covers 100% of the copper concentrate produced from...
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  • Seligdar Achieves Record Production in 2023 with Notable Growth in Gold, Tin, and Copper

    BY Lars Jensen
    Seligdar, a prominent Russian producer of gold and tin, has reached a new historical milestone in 2023, achieving unprecedented production levels. The company reported gold production of 8.27 tonnes and tin production of 3,000 tonnes, setting a new record in its operational history. This significant achievement reflects dynamic year-on-year growth across its key metals: gold...
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  • Innovative Alloy Developed by Russian and International Scientists Promises Greener Refrigeration Technology

    BY Lars Jensen
    A collaborative effort by Russian and international material scientists has led to the creation of a groundbreaking alloy composed of nickel, manganese, tin, and copper. This alloy exhibits the unique ability to actively absorb heat under magnetic fields and cool the surrounding area to temperatures nearing zero degrees Celsius. The implications of this discovery are...
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  • Copper Prices Experience Uptick Amid Tightening Supply and Global Market Dynamics

    BY Sophia Schmitz
    Copper prices have seen a rise in early Asian trading sessions. This increase is primarily attributed to a tightening supply, which seems to be counterbalancing broader macroeconomic headwinds. Despite recent pressures on copper prices, including decisions by major central banks and uncertain rate cut prospects, supply-side factors are playing a key role in driving the...
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  • Weekly Metals News Digest (Jan 15-19)

    BY Sophia Schmitz
    India Poised to Shift from Copper Importer to Exporter India, traditionally a copper importer, is on the verge of becoming an exporter of the red metal, thanks to a new smelter being constructed by the Adani Group at Mudra Port. The plant, which has already received environmental clearance and is finalizing concentrate supply contracts, is...
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  • Copper Prices Surge Amid Supply Concerns and Mine Closures

    BY John Davis
    In the wake of tightening regulatory measures and falling prices, the global copper market is facing significant supply challenges. Early trading in Asia saw a rise in copper prices, driven by these emerging supply concerns. Recent developments, including the closure of the Cobre mine in Panama and Anglo American’s decision to cut production, have heightened...
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  • India’s Copper Import Dependency Expected to Decline Amid Domestic Capacity Expansion

    BY Lara Browne
    India, historically a net exporter of copper, has seen a surge in imports following the closure of Sterlite’s copper smelter in Tamil Nadu. However, this trend is anticipated to reverse with the introduction of new domestic production capacities. The closure of Sterlite’s 0.4 million tonnes per annum (MTPA) facility in May 2018 marked a significant...
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  • Antofagasta Reports 2% Rise in 2023 Copper Production

    BY Lara Browne
    Antofagasta, a major player in the copper industry, has recently announced an increase in their 2023 copper production by 2%. This growth is primarily attributed to improved water availability at their flagship project Los Pelambres. The company’s output from this project saw a notable surge due to these favorable conditions. In addition to the increased...
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  • Evolution mining: Quarterly Report for December 2023

    BY Sophia Schmitz
    Evolution Mining has released its quarterly report for December 2023, showcasing significant financial and operational results. Key highlights include: Northparkes Acquisition Evolution Mining successfully completed the acquisition of an 80% interest in the Northparkes copper-gold mine. The mine contributed 1,193 tonnes of copper and 1,011 ounces of gold, generating a cash flow of $9.5 million...
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  • Ivanhoe Mines Begins Exporting Copper via Lobito Railway

    BY John Davis
    Ivanhoe Mines, operating in the Democratic Republic of Congo (DRC), has embarked on a new logistical endeavor by exporting its Kamoa-Kakula copper mine’s concentrate through Angola’s Lobito port. This marks a significant logistical shift for the Canadian mining company, which traditionally relied on far-flung African ports for its exports. The first shipment, comprising 1,100 tons...
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  • Peru’s Copper Production Hits Record High Despite Decline in Mining Investment

    BY John Davis
    Peru’s copper production reached a record high in 2023, with the Quellaveco mine’s operation contributing significantly to this surge. The national copper production in November 2023 alone was 253,582 fine metric tons (TMF), showing a 10% increase compared to the same month in 2022. From January to November 2023, the cumulative production of 2’499,635 million...
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  • Teck Releases 2023 Production Results and 2024 Operational Outlook

    BY Lars Jensen
    Teck Resources has shared unaudited production and sales volumes for the fourth quarter of 2023 and the full year, ahead of its financial results announcement scheduled for February 21, 2024. The year 2023 posed several challenges for Teck’s operations, impacting annual production across its business units. Notably, steelmaking coal production exceeded guidance, while base metals...
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  • Goldman Sachs Optimistic on Glencore’s Copper Growth Potential

    BY John Davis
    Goldman Sachs equity analysts believe that the market currently undervalues the long-term growth potential of Glencore’s copper business. Despite Glencore’s stock being down 4.5% this month on the JSE, where it has a secondary listing, Goldman Sachs maintains a positive outlook, emphasizing Glencore’s status as one of the JSE’s largest stocks with a valuation close...
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  • Weekly Metals Digest (Jan 8-12)

    BY Sophia Schmitz
    This Week in Metals: Alcoa’s Refinery Closure, Saudi Arabia’s Gold Discovery, and Lithium’s Market Dynamics Alcoa Announces Significant Reduction at Kwinana Alumina Refinery Alcoa, a prominent US metals corporation, is set to completely shut down its Kwinana alumina refinery in Australia this year. The shutdown process is slated to begin in the second quarter of...
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