Strong copper price reviving Peru’s mining mojo
Peru’s dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper prices and a bullish outlook they will rise further, helping lure back investor interest, the country’s mining minister said on Friday.
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Congo’s $7 billion infrastructure deal with China will depend on copper prices
Around $7 billion of infrastructure investments in the Democratic Republic of Congo by Chinese companies in a revised minerals deal will largely depend on copper prices remaining high, details of the agreement published on Friday show.
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Copper price slips as Chinese demand outlook comes into focus
Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand conditions in China.
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Lower iron, nickel and copper prices weigh on Vale’s quarterly earnings
Brazilian miner Vale on Wednesday said lower prices for iron ore, nickel and copper in the first quarter dragged down earnings compared to the year before, as it posted net profit slightly below analyst estimates.
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Copper price hones in on $10,000/t as supply angst continues
Copper traded near $10,000 a ton, hitting a new two-year high on its way, as investors continue to pile in on a bet that miners will struggle to service a surge in demand for the bellwether industrial metal.
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Copper price near 15-month high as supply fears spur bullish calls
Copper traded near a 15-month high as supply concerns and brighter demand prospects triggered a slew of bullish calls on the market.
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Copper price hits fresh 14-month high on supply fears, China optimism
Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter supply and hopes for a recovery in Chinese demand.
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Copper price rallies amid rising optimism on Chinese economic outlook
Copper rallied back above $9,000 a ton as investors weighed upbeat factory data from top consumer China and the potential for output cuts by the country’s leading smelters.
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Copper price soars to 7-month high on China’s plans to cut output
Copper prices soared on Wednesday to their highest in seven months after Chinese smelters, which process half of the world’s mined copper, agreed on a joint production cut.
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Copper price bounces as analysts see short covering fueling big gains
Copper extended a weekly gain, with some analysts predicting that the market could soon turn decisively higher as bearish investors are forced to unwind heavy bets against the metal viewed as a global economic bellwether.
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Cochilco raises 2024 copper price projection to $3.85/lb
The state-run Chilean Copper Commission (Cochilco) said on Monday it was raising its projections for 2024 copper prices to $3.85 per pound, up from $3.75.
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Friedland says $15,000/t copper price needed to spur new mines
Mining News Pro - Copper prices need to nearly double in order to prompt mining companies to build costly mines to meet rising demand for critical materials, according to billionaire Robert Friedland.
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Tighter supplies to create tailwind for copper prices
Mining News Pro - Mine closures and disruptions have rapidly changed the landscape for copper supplies and prompted analysts to lower their forecasts for surpluses in a positive signal for prices of the industrial metal.
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Copper price gains as traders assess China deflation, Fedspeak
Mining News Pro - Copper futures rose 0.3% to $8,162.50 as of 11:03 a.m. in New York.
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Freeport-McMoRan to slow expansions amid inflation, weak copper prices
Mining News Pro - Copper miner Freeport-McMoRan posted a better-than-expected third-quarter profit on Thursday, but said it would slow expansion plans due to inflation and slumping prices for the red metal used across the global economy.
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Copper price rises as China factory activity expands
Mining News Pro - The copper price rose on Friday after Beijing delivered a boost for China’s property sector, while a private survey pointed to a pick-up in the country’s manufacturing sector.
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Copper price set for weekly loss as China concerns sap confidence
Mining News Pro - Copper headed for a third straight weekly loss — tracking a broad slide in global risk assets — as concerns about China’s economy and widening housing crisis put markets in bearish mood.
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Copper price set for weekly loss as China concerns sap confidence
Mining News Pro - Copper headed for a third straight weekly loss — tracking a broad slide in global risk assets — as concerns about China’s economy and widening housing crisis put markets in bearish mood.
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Copper price lowest in 3 months on weak economic data out of China
Mining News Pro - Copper prices fell on Friday after data demonstrating the sluggish nature of China’s post-pandemic recovery.
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Antofagasta profit jumps despite lower copper prices, boosts dividend
Mining News Pro - Chilean miner Antofagasta (LON: ANTO) posted on Thursday a 7.5% increase in half-year profit as higher copper sales more than offset lower prices for the metal, considered essential for the world’s transition to a greener economy.
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Copper price hits three-month high amid demand hopes, supply risks
Mining News Pro - Copper hit a three-month high as it headed for its biggest monthly advance since January, supported by growing optimism over Chinese demand and mounting supply risks in Chile.
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Cochilco cuts 2023 copper price forecast to $3.85/lb
Mining News Pro - The Chilean Copper Commission (Cochilco) on Wednesday lowered its forecast for the average copper price in 2023 to $3.85 per pound amid doubts about international economic performance.
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Smaller miners’ hunger for cash grows as copper prices fall
Mining News Pro - A fall in copper prices is having an outsized impact on small and mid-sized miners, forcing many to cut output, and some are now open to raising funds from new investors to ride out the current downtrend, several company executives told Reuters.
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Copper price rises as China’s factory activity accelerates
Mining News Pro - The copper price rose on Friday after a surprise boost in Chinese factory activity lifted hopes for improved demand.
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Copper price rises as China’s economy shows strong recovery
Mining News Pro - The copper price rose on Wednesday after better-than-expected manufacturing activity data from China underpinned demand hopes.
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Visit: 179