December 1, 2023

Long-term sustainability uncertain if Panama operations end, says First Quantum CEO

The company has notified buyers it will not be able to meet agreements due to force majeure.

December 1, 2023

Fitch sees industrial metal prices falling in 2024, gold set to rise

London's 2024 benchmark copper price could slip 2% to $8,600 per metric ton, the firm said.

December 1, 2023

Peru mining output grows 3.14% in October, slowest in 8 months

Copper production was up 2.1% from the same month a year ago, while gold and zinc jumped 10.0% and 10.4% respectively.

December 1, 2023

Vale Base Metals in search of new CEO

Deshnee Naidoo will step down from her position as CEO effective March 31.

December 1, 2023

Shares of Anglo American and Antofagasta rally after UBS upgrade

Anglo American shares surged 7.8% in London after UBS upgraded its rating from neutral to buy.

December 1, 2023

Copper price climbs to three-month high on Panama mine risk, shortfall

The metal rose as much as 1.2% on Friday, tracking a rally in European and Chinese stock markets.

December 1, 2023

Congo’s Gecamines to push for copper, cobalt trading share

Congo's State mining group said it will push to secure the rights to buy copper and cobalt at mines it has holdings in.

December 1, 2023

Zambia selects UAE’s IHC unit as new partner in Mopani Copper Mines

The new investor is also expected to "reset" Mopani's existing relationship with Glencore, ZCCM said.

December 1, 2023

Copper miners, Chinese smelters agree on first drop in fees in 3 years

Miners on Friday reached agreements with Chinese smelters for a lower copper concentrate treatment and refining charges for 2024.

December 1, 2023

Scientists use copper to reduce cost of cancer treatment

UCLA researchers devised an inexpensive way to produce a molecule used in anti-cancer drugs from a chemical costing just $3 per gram.