Column: Copper squeezed in the United States but China has plenty
Weak spot demand, robust imports and rising domestic output have combined to keep China's exchange inventories high.
Latest Stories
Copper price steadies after biggest decline in almost two years
The metal surged to an all-time high above $11,000 a ton on Monday, followed by a slump of 4.1% on Wednesday.
Rio Tinto faces lawsuit over Panguna copper mine in Bougainville
Villagers are seeking compensation for loss and damage that could reach billions of dollars.
Troubled Peru copper mine starts expansion work in supply boost
Las Bambas has for years operated well below its annual capacity of 400,000 tons due to a torrent of community protests.
China plans biggest ever cobalt purchases for state reserves
The metal has slumped to five-year lows amid booming production in the DRC and Indonesia.
South32 CEO Kerr says open to buying joint Anglo American manganese assets
South32 has been one of the most active miners in buying and selling assets.
SQM swings to $870 million loss on sinking prices, tax ruling
Data from Benchmark Mineral Intelligence suggests that global prices have fallen by more than 80%, dragged by weaker demand for EVs.
Nornickel board proposes no dividend for 2023 results
Nornickel failed to pay dividends on its 2022 results but resumed payouts for the first nine months of 2023.
LME approves listing of first Indonesian nickel brand
Until now, Indonesia has not produced a significant amount of the metal in high-purity form traded on the LME.
