Chinese imports rose for the first time in three months in June as buying from overseas became profitable and supply tightened after consumers drained local stockpiles. There are “strong signs” that the country will “come back and buy in a more aggressive way,” according to Codelco, the top producer. Prices slid 3.7 percent in the first six months of the year as demand waned. The metal has gained 46 percent in the past year, reaching a record $4.6575 on Feb. 15.
Copper Mining News
Workers at Chile's state-owned Codelco returned to the job on Tuesday after a 24-hour strike, threatening more labor unrest if they are not included in the restructuring of the world's top copper miner.
It has been reported that copper output in Zambia, Africa's top producer of the metal declined to 308,777 tonnes in the first five months of 2011 from 326,877 tonnes in the same period last year, the central bank said.
The ruins poke out of a monotonous stretch of scrub and beckon the world to visit Afghanistan as it was more than 1,400 years ago, when Buddhist monasteries dotted the landscape. An ancient citadel juts from a tall crag, standing sentinel over what once was a flourishing settlement. Image is from Reuters Video.
Source: News BitesHighlands Pacific Ltd announced joint venture partner Xstrata Copper has completed infill drilling at the Frieda copper gold project in PNG with an updated resource estimate due in August prior to formal delivery of a bankable
Pimps man the park across from the historic Ulan Bator Hotel, popular with foreigners. They are keeping an eye on their employees -- about 20 women working in Mongolia's quickly expanding sex trade. Image by Tomascastelazo
Workers at US company Freeport McMoRan's giant gold and copper mine in Indonesia's Papua region agreed on Monday to end a strike that has lasted more than a week. Workers at US company Freeport McMoRan's giant gold and copper mine in Indonesia's Papua
Taseko Mines' second-quarter copper production at the Gibraltar mine in British Columbia was flat at about 20 million pounds, but its molybdenum output rose about 38 percent. The Vancouver-based miner, which produced 300 000 pounds of molybdenum in the
Stillwater Mining, the only platinum and palladium producer in the U.S., announced on Monday that it will acquire Peregrine Metals for US$487.1 million. Peregrine Metals is a publicly-traded exploration and development company with gold and copper projects in Argentina and Peru. The company is listed on the Toronto Stock Exchange.
Reuters Africa reports that China has ordered local governments to cut a total 2.04 million tonnes of aluminium, copper, lead and zinc smelting capacity in 2011.
The world's largest copper producer is shut down in a 24-hour strike that has the potential to cause severe losses for Chile's state mining company. Codelco says it could lose $41 million from today's strike
Reuters reported that two of the world's top copper mines braced for more bad weather in Chile's copper rich north, halting some operations or working under a contingency plan. Ms Bernardita Fernandez the mine operator spokeswoman said the world's No 3
Tiger Resources Limited announced a production update from its high grade Kipoi Copper Project in the Democratic Republic of Congo. Tiger?s first stage of production which utilizes a heavy media separation plant is tracking well to reach its targeted
Indico Mobilizes Drill Rig for Phase I Drilling at Ocana Project, Southern Peru; Defines Two New Copper-Gold Drill Targets and Expands Drill Program
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/11/11 -- Indico Resources Ltd. ("Indico" or the "Company") (TSX VENTURE: IDI)(OTCQX: IDIFF) announces that following a successful drill permit application process, a rig is being mobilized to the Ocana
Hana Mining Ltd.: Infill Drilling Still Continues to Encounter Thick Intersections of Copper-Silver Mineralization Along the North Limb of the Banana Zone (CCN)
AM VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 11, 2011) - Hana Mining Ltd. ("Hana" or the "Company") (TSX VENTURE:HMG)(FRANKFURT:4LH) is pleased to announce its most recent drilling results from the completion of 10 infill diamond drill holes in the
LME non-ferrous trading climbs 16 per cent in H1, 2011 Read more : non-ferrous metals,ferrous metals,lme,commodity derivatives LONDON (Commodity Online): Non-ferrous trading registered a growth of 16% in volumes at London Metal Exchange (LME) t with 68.6
Heffernan Capital Management research indicates Copper is a viable inflation hedge and will have more upside than many other commodities. Many people invest in precious metal commodities such as gold and silver but not everyone considers non-precious
Mining company, Sandulula Mining Ltd., is seeking technical and equity funding partners to develop mines in Zambia. Investment opportunity: Mining company, Sandulula Mining Ltd., is seeking technical and equity funding partners to develop mines in Zambia
Copper fell on Monday as concerns over Italy's sovereign debt curtailed appetite for risky assets, but a series of strikes in producer countries highlighted supply constraints and lent support to prices. Three-month copper on the London Metal Exchange traded at $9, 581 a tonne in official rings , down from the $9,661 close on Friday.
Avanco Resources (ASX: AVB) reports that drilling at the Rio Verde High Grade Zone ("HGZ") has increased the strike of the high grade mineralisation a further 150m to the West (ARVD-141). The HGZ remains open on strike and now exceeds 520m representing a
China's copper staged a strong comeback in June, but the outlook was marred by falls in a list of other key commodities, showing that Beijing's cooling measures were weighing on the economy.
The world's largest copper producer, Codelco, is facing a 24-hour strike on Monday in opposition to a plan that workers say would move Chile's state-owned mining corporation toward privatization. The Federation of Copper Workers , which represents 15,000 of the company's 20,000 employees, called for the strike, which will be the company's first in 18 years.
Europe's largest copper producer Aurubis sees a trend for rising copper prices thanks to higher demand for more electronics goods, its chief executive told a German paper. "Even if there may be short-terms price swings in either direction... demand for copper is rising with increasing prosperity in countries such as China," Bernd Drouven told Frankfurter Allgemeine Sonntagszeitung.
Europe's top copper producer sees demand for copper rising as prosperity increases in developing nations foreshadowing a rising price trend. FRANKFURT (Reuters) - Europe's largest copper producer Aurubis sees a trend for rising copper prices thanks to
China's copper imports rose 9.9 percent from a month ago in June on the back of more attractive import prices, while shipments of key commodities such as crude oil, iron ore and aluminium fell, data from the General Administration of Customs showed. China's imports grew a surprisingly weak 19.3 percent in June from a year earlier, slowing from the 28.4 percent pace in May, reflecting softer domestic demand as a tighter monetary policy starts to bite.