Industry analysts are forecasting a robust continuation of copper’s bull run for at least the next three years, driven by persistent global supply challenges coupled with soaring demand due to energy transitions and advancements in artificial intelligence technologies. This optimistic outlook is underpinned by the metal’s critical role in a range of technological applications, from electric vehicles (EVs) to data...
Copper news
US and UK Impose Sanctions on Russian Aluminium, Copper, and Nickel
The United States and the United Kingdom have enacted stringent sanctions on Russian metals, banning imports and trading of aluminium, copper, and nickel on major Western exchanges like the Chicago Mercantile Exchange (CME) and the London Metal Exchange (LME). These measures, effective for metals issued after April 13, aim to sever the flow of these commodities from Russia to Western...
Copper Prices Rise Amid Supply Concerns; Gold and Oil React to Geopolitical Tensions
Copper prices saw an uptick on the London Metal Exchange today, climbing 0.2% to $9,478.0 per ton at 0825 IST. This increase is attributed to several factors impacting global supply, including production cuts by Chinese smelters and disruptions at major mines in Africa, Panama, and South America. Additionally, local protests demanding more benefits at the Las Bambas copper mine in...
Copper Prices Soar to Highest Since June 2022 Amid Supply Concerns and Robust Demand
Copper prices have surged to their highest levels since June 2022, driven by a combination of constrained supply and a resurgence in global demand. The metal, crucial for various industrial applications, has seen a significant uptick in value following a mine-supply shock late last year, which has now collided with stronger-than-expected global manufacturing demand. The London Metal Exchange recorded a...
Weekly Metals News Digest – April 8-12
Environmental Concerns in Nickel Production Advocacy for Enhanced Environmental Regulations in China Andrew Forrest, chairman of Australia’s Fortescue Metals Group, has called upon Chinese authorities to enforce stricter environmental standards within their global nickel supply chain. He emphasized the severe ecological damage caused by the mining and processing of nickel ores in China and expressed particular concern about the sourcing...
Copper Prices Reach New Heights Amid Rate Cut Expectations and Economic Optimism
Copper prices surged to their highest levels since June 2022, closing at $9,552 per metric ton on the London Metal Exchange (LME) by midday GMT on Friday, driven by robust investor expectations of an upcoming demand boost tied to potential interest rate cuts. The metal, crucial for the power and construction industries, even touched a session high of $9,590.50 a...
CNMC Commences De-watering Operations at Luanshya Copper Mines with $500 Million Investment
China Non-ferrous Metals Corporation (CNMC) has initiated the de-watering process for mine shaft 28 at Luanshya Copper Mines in an ambitious bid to revive the shaft that has been inactive and flooded for over two decades. This project involves a substantial investment of USD 500 million, aimed at restoring the shaft to full operational status with an expected annual production...
Nornickel Advances Workplace Safety with Exoskeleton Technology
Nornickel is spearheading innovation in workplace safety at its Copper Plant by integrating advanced exoskeleton technology. A recent deployment includes 52 exoskeletons, designed to resemble sports equipment, each weighing approximately two kilograms. These devices have already undergone successful trials in the copper electrolysis shop, marking a significant stride in enhancing employee safety and efficiency. As one of the pioneers in...
Copper and Commodity Prices Show Mixed Movements Amid Global Events
Today’s trading on the London Metal Exchange (LME) saw copper prices rise amid market concerns that production cuts by Chinese smelters could impact global supply. This concern, highlighted by ANZ Research as reported by Dow Jones, comes as Chinese authorities are reportedly considering measures to reduce copper production, thereby tightening supply. The three-month copper contract was notably up by 0.8%...
Denarius Metals Advances Aguablanca Project with Promising Pre-Feasibility Study
Denarius Metals has announced the results of a Pre-Feasibility Study (PFS) for the Aguablanca Nickel-Copper Project in Spain, signaling the project’s viability and the company’s readiness to restart operations. Located within the Monesterio municipality, Extremadura, and approximately 88 km southwest from Denarius’s Lomero Project, Aguablanca stands as a significant development in Spain’s mining sector, capable of producing nickel and copper....