Scotiabank’s January commodity price index is good news for resource sectors.
Copper Mining News
The engine that drives his confidence comes in the form of electric vehicles.
The company has just received a diamond drilling permit for up to 10 holes.
Very rarely I come across a junior that simply seems to tick almost all boxes, and it looks like new sponsor Kutcho Copper Corp. is doing just that.
If for some reason, you still think that the commodity markets are predictable, today’s chart provides a nice piece of humble pie.
"Water demand will increase because it will be necessary to process more material to obtain the same amount of copper": Wood Mackenzie.
Agency also cut a 2013 fine for violations to $11.5 million (7 billion Chilean pesos) from the previous $16 million it had charged Barrick Gold, but later forced to review by an environmental court.
Measure was taken as Chinese coal haulers continue to disrupt deliveries near the border with Mongolia, the mine's majority owner Turquoise Hill said.
The decline to 903,000 tonnes came despite the start of operations at a new wing.
Some of Europe's richest deposits of valuable materials are in the trash, ranging from gold in smartphones to cobalt in electric car batteries.
Cochilco, Chile's state copper commission, raised its estimated 2018 avg price for the metal to $3.06 per pound from its previous forecast of $2.95.
Only the Nevada operations of the Toronto-based gold mining giant increased output in 2017.
Copper dropped 2.2 percent to $7,054.50 at 3:21 p.m. on the London Metal Exchange Tuesday. A close at that price would mark the biggest drop since Dec. 5.
Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.
Following the 2016 launching of the Collective Action Initiative for the Metals Technology Industry, the program announced today that it has added a new member.
Rampant violence and corruption are the norm in the mines of the southern Guayana region.
On Tuesday Global miner Rio Tinto reported a 1 percent rise in iron ore shipments for 2017 to 330.1 million tonnes, meeting its guidance.
Copper surged as much as 2.1 percent, the most since Nov. 13, to $7,262 a metric ton on the London Metal Exchange.
Aristotelis Mistakidis will lose control of industrial copper operations including mines and focus on the trading side of the business.
The London-listed miner said production in three months to Dec fell 30 pct to 148,477 oz. compared with a year ago and 22 pct from the previous quarter.
The average E.V. requires 80kg more copper than a regular vehicle. There is also significant copper needed to build out E.V. infrastructure in the power grid as well as battery charging infrastructure.
An earthquake in Peru on Sunday has claimed two lives and caused an illegal mine to collapse.
“From the macro point of view, this is not an environment where you’d want to be shorting metals.”
China’s global resource grab, and the ramifications for the rest of the world, are on my radar screen. Are they on yours? If not, maybe they should be.
Indonesia state-owned holding Asahan Aluminum, or Inalum, would grab a 41.64% stake in the local unit of Freeport, which increases its current ownership in it to 51%.