Copper price surges toward $10,000 as bulls bet on global rebound
Bulls are swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic.
Latest Stories
Glencore agrees to take over Weser-Metall lead plant
The acquisition is being done through Nordenham Metall GmbH, which will take over all personnel.
Vale mulls base metals spinoff to tap EV market
The move could help the nickel and iron ore giant take advantage of an increasing demand from electric car manufacturers.
Investors love copper but not the price of building a new mine
As copper bulls pushed prices to decade highs, the end of a six-month corporate spat showed that some investors were still reluctant to back a long-term bet on the metal.
BHP likely to approve long-delayed Jansen potash project
Scotiabank analyst says there’s a 90% chance that BHP finally greenlights the first phase of its Jansen potash project in Saskatchewan.
Lawmakers in biggest copper nation ratchet up tax proposal
The worst-case scenario for Chilean copper producers in a debate over a new royalty system just got bleaker.
Australian state commission approves extension of Glencore’s Mangoola coal mine
The decision comes ahead of a byelection for the Upper Hunter seat in the NSW state parliament, in which the future of coal mining in the region is likely to be a key issue.
Bidco Nova Resources moves to take Kaz Minerals private
Consortium said its bid for the copper miner had been declared unconditional after winning more than 90% of support.
More metallurgical tests begin for FPX Nickel’s Baptiste project
A concentrate grading 63% nickel and 1% cobalt was produced.
