The great copper squeeze isn’t over yet
As was the case during the October squeeze, buyers on the LME are again paying huge premiums to roll forward front-month contracts.
Latest Stories
Iron ore price back below $100 on shrinking steel output in China
The demand remains cool on steel production controls and sluggish downstream consumption.
Africa’s crackdown on informal gold miners spreads to Mali
The government plans to require permits for small-scale miners and set up 200 cooperatives with the help of the World Bank.
Orford, Wyloo Metals partner to explore West Raglan nickel project in Quebec
West Raglan covers just under 84,000 hectares and is 70 km west of Glencore’s Raglan mine, the biggest nickel producer in Quebec.
Harte Gold’s strategic review still yields no results
Harte said it would require additional financing before year-end to continue operations and conclude the strategic review process.
Peru central bank warns against anti-mining protests damage
A rising wave of anti-mining protest in Peru has paralyzed several operations in the world’s second largest copper producing country.
Mosaic sees massive fertilizer price surge continuing
Fertilizer prices have skyrocketed as soaring natural gas costs have forced some European production plants to halt or curtail production.
Funds still wary of shorting super tight copper market
A slowdown in China’s manufacturing sector is casting an ever larger shadow over the copper market, writes Andy Home.
Codelco hikes 2022 copper premium for Chinese buyers
The world’s biggest copper miner has offered Chinese customers annual copper supply for 2022 at a premium of $105 a tonne.
