Healthy demand for molybdenum rich stainless steel, especially from the oil and gas industry, plus sluggish supply growth are expected to keep the price of this minor metal riding high.
Copper Mining News
Also adding to negative outlook – soaring global warehouse stocks, hedge funds bearish positions at 17-month high and subdued Chinese demand.
Caserones said in a statement the rest of the mine remained in operation.
Copper producer Cradle Arc is increasing output to 12,000 tonnes per year at a Botswana mine it has restarted.
South African engineering and construction group, currently subject of a takeover bid from Germany’s ATON, said projects were located in sub-Saharan Africa, North America and Australasia.
Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.
Permit allows Oz Minerals to start phase two of construction at Carrapateena copper-gold project, in South Australia, this month.
Japan's third-biggest copper smelter said it plans to produce 187,374 tonnes of refined copper during April-September.
The 420-hectare property is located in the New Westminster Mining Division of southwestern British Columbia.
BMI presents the recent changes to the DRC’s mining code as an example of a situation that challenges all the parties involved, but that is very unlikely to cloud miners’ interest in venturing in the country.
Nelson Pizarro, who took the post in 2014, has played a critical role in the drive to reduce spending and force a reduction in costs, while kicking off a major overhaul of Codelco’s aging mines to deal with dwindling ore grades.
A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009.
French power company Engie SA is closing all of its coal-fired power plants in the country. It plans to replace the capacity with renewable energy.
Earlier on Thursday, Codelco CEO Nelson Pizarro called on workers to show restraint and moderation in negotiations.
New lab discovery uses molybdenum to solve problems of lithium sulphur batteries, doing away with nickel and cobalt for cheaper, lighter, safer technology.
Chile's state copper company Codelco said on Thursday it produced 1.734 million tonnes of copper in 2017, its second highest output ever.
The proposal, signed by companies responsible for 85% of the DRC's copper, cobalt and gold output, suggest that sliding royalties will give the government a higher share of revenues.
Robocop is comprised of five mineral claims totalling 9,891 acres north of the Canada-US border.
"We expect copper prices to hover around highs in 2018."
Operations at La Coipa mine, located in in northern Chile, were halted in 2013, when the targeted orebody run out of riches.
The miner is working towards reactivating its Aranzazu and São Francisco gold projects in Mexico and Brazil, respectively.
The man was digging a toilet in his backyard when his shovel struck a shimmering blue vein of cobalt... At least that’s the legend in Kolwezi.
The Japanese energy and metals company said the impairment loss at its Caserones copper mine in Chile was due to higher production costs.
Oz Minerals offers top dollar for Avanco which boasts top private equity players and Glencore as major shareholders.
Jinchuan posted net profit of $41.6 million last year, up from 8.3 million a year earlier.