Industrial metals fell in London as a cautious mood took hold across markets after higher-than-expected jobless claims and strong producer price data in the US.
Bougainville must be able to fund at least half of its budget if the Pacific archipelago’s aspiration of political independence from Papua New Guinea is to be a success, PNG Prime Minister James Marape said on Wednesday.
Canadian rare earth and metals recycler Cyclic Materials Inc. will supply at least 10 thousand metric tones of recycled copper to Glencore as the Swiss miner looks to secure copper that is expected to soar in demand in the coming years, Cyclic Materials’ CEO said.
Copper production in Chile, the world’s largest copper producer, is projected to range between 5.4 and 5.6 million tons in 2025, the National Mining Association (Sonami) said on Wednesday.
Codelco and Enami, Chile’s two state copper companies, are discussing the possibility of combining their respective efforts to expand smelting capacity into a single project, according to people with knowledge of the matter.
Copper concentrate exports from Freeport-McMoRan’s unit in Indonesia will ease global shortages, but probably only briefly and if the Indonesian government allows them, industry sources said.
Copper looks set to struggle as extra US trade tariffs from the Trump administration and economic risks in China drag on consumption and prices next year, according to Citigroup Inc.
Rio Tinto Plc will sell a 30% stake in its Winu copper-gold project in Australia to Japan’s Sumitomo Metal Mining Co. for $399 million.
Portugal’s government plans to launch a long-delayed tender of lithium prospecting licences in 2025 as it seeks to make the country a top European supplier of critical metals for the green transition, it said on Tuesday.
