MMG shuts down Las Bambas copper mine as talks fail The company will stop production from Dec. 18 after failing to reach an agreement with the Peruvian community blocking a transport road to the mine. Cecilia Jamasmie | December 16, 2021 | 3:55 am
Sleepy copper ETF surges to $1.7 billion assets as EV bets boom The Global X Copper Miners ETF saw a record $196.1 million inflow during Tuesday’s broader selloff on inflation concerns, increasing the fund’s assets 13% to an all-time high. Bloomberg News | December 15, 2021 | 1:27 pm
China EV, battery makers grapple with graphite squeeze Around 70% of all graphite comes from China, and there are few viable alternatives for batteries. Reuters | December 15, 2021 | 1:00 pm
Hudbay releases initial estimate for Copper World, near Rosemont in Arizona The deposit is located near the company’s 100%-owned Rosemont copper project 50 km southeast of Tucson. Canadian Mining Journal Staff | December 15, 2021 | 11:57 am
Peru PM says Las Bambas standoff cannot be sustained for “much longer” Talks continue to stall with a local community while the mine faces a looming shutdown. Reuters | December 15, 2021 | 11:29 am
Cobalt prices expected to stabilize in 2022 – report Cobalt prices rose by 10% in November, breaking through $30 per pound for the first time since the end of 2018. MINING.COM Staff Writer | December 15, 2021 | 9:04 am
New Gold sells Blackwater gold stream to Wheaton for C$300 million The gold stream entitles Wheaton to 8% of the gold produced from Blackwater in British Columbia. Northern Miner Staff | December 15, 2021 | 8:56 am
SolGold reports first resource estimate for Cacharposa deposit in Ecuador Inferred resources add 96.9 million tonnes. Northern Miner Staff | December 15, 2021 | 8:44 am
Copper price rebounds after Fed decision Chinese fiscal stimulus supports copper price in near term. MINING.COM Staff Writer | December 15, 2021 | 8:06 am