Copper prices on the London Metal Exchange (LME) declined today amid weak demand and improved supply, according to ANZ analysts. Chile, one of the world’s leading copper producers, reported an 8% year-on-year increase in copper production, reaching 444,000 tons in May, the highest monthly output this year. The production boost was attributed to the expansion at the Quebrada Blanca mine...
LME news
Weekly Metals News Digest – June 24-28
Stellantis Plans to Become a Nickel Producer Investment in Indonesian Nickel Production European automobile giant Stellantis is negotiating with Brazilian corporation Vale and Chinese company Huayou Cobalt to invest in nickel production facilities in Indonesia. Vale plans to establish two metallurgical plants in partnership with Western car manufacturers, one with Ford and the other with Stellantis. These plants will use...
Copper Prices Rise on Supply Issues and Strong Demand
Copper prices on the London Metal Exchange (LME) increased today, driven by strong demand and ongoing supply-side issues. According to the ANZ research team, investments in electricity-driven cooling and increased spending on grid infrastructure have boosted demand. Production at Anglo-American’s Los Bronces copper mine in Chile, the world’s top producer, is expected to fall by around 30% due to plant...
Copper Prices Edge Up Amid Supply Disruptions, But Future Uncertain
Copper prices on the London Metal Exchange (LME) rose slightly today due to ongoing supply disruptions. Production at Anglo-American’s Los Bronces copper mine in Chile is expected to drop by approximately 30% due to plant maintenance. Additionally, deteriorating production at several other mines, particularly in Latin America, has exacerbated concentrate shortages. Significant mining disruptions in Peru, Panama, and Zambia have...
Copper Prices Decline as LME Stocks Surge
Copper prices on the London Metal Exchange (LME) fell today due to a significant increase in stock levels at LME-approved warehouses. Stocks have surged over 60% since mid-May to 167,825 tonnes, primarily driven by deliveries from China to Asian warehouses. The industrial metals sector is also facing pressures from rising protectionism, such as the European Union’s plans for tariffs on...
Copper Prices Rise on Supply Concerns Despite Weak Chinese Demand
Copper prices on the London Metal Exchange (LME) increased today due to concerns over supply disruptions. Production at Anglo-American’s Los Bronces copper mine in Chile is expected to drop by around 30% due to planned plant maintenance, as reported by Dow Jones. However, recent economic data from China, the largest market for copper, has indicated weak demand, which may limit...
Weekly Metals News Digest – June 17-21
Norway’s Potential Entry into the Rare Earths Market Fen Deposit Development by Rare Earths Norway (REN) Norway could become a significant producer of rare earth metals through a project led by Rare Earths Norway (REN) to develop the large Fen deposit. Fen, an ancient volcano with magma rich in carbonates, contains substantial rare earth elements. Historically, iron ore was mined...
Weekly Metals News Digest – June 10-14
Albemarle’s Efforts to Strengthen U.S. Lithium Sovereignty Kings Mountain Lithium Mine Project Albemarle Corporation held public hearings on the Kings Mountain lithium mine project, located at one of the largest pegmatite deposits in the United States. The project aims to produce approximately 420,000 tons of spodumene concentrate annually. The initiative includes utilizing a former mica mine for waste storage and...
Weekly Metals News Digest – June 3-7
Major Copper Smelter to be Built in Kazakhstan Agreement Between KAZ Minerals and China Nonferrous Metal Mining Kazakh copper producer KAZ Minerals has signed an agreement with China Nonferrous Metal Mining to construct a $1.5 billion copper smelter in eastern Kazakhstan. This state-of-the-art facility is scheduled to begin operations by the end of 2028. It will source raw materials from...
Weekly Metals News Digest – May 27-31
Novelis Initiates IPO Roadshow and Share Offering American metallurgical company Novelis has commenced a roadshow for its initial public offering (IPO), planning to offer 45 million common shares priced between $18 and $21. This move is expected to raise about $1 billion. However, Novelis itself will not benefit directly from the IPO proceeds, which are earmarked for its parent company,...