Codelco cuts 2024 copper premium to China, changes contract structure
The miner has offered to sell copper at a premium of $89 a metric ton to major Chinese clients for its 2024 contracts, a drop of 36% from this year.
Latest Stories
i-80 Gold has potential JV partner to advance base metals development at Ruby Hill
The deposits at Ruby Hill collectively represent one of the largest development-stage projects in Nevada, according to the company.
Iron ore price retreats as China’s bourse plans to limit trading volumes
Also weighing on sentiment was news of unseasonably cold weather and blizzards hitting northeast China.
What green energy transition? Half of mining still exploring for gold
New study shows a $1.1 billion drop in gold exploration budgets this year as juniors struggle to raise capital, but the precious metal still accounts for 46% of the total.
Peru mine spending at eight-year low signals copper tightening
Mining investment in Peru is expected to reach $3 billion to $3.5 billion in 2024, the country’s industry group SNMPE said.
Copper, cobalt supplies from Congo stranded by truckers’ strike
Already 2,700 trucks carrying around 89,000 metric tons of copper are stuck in Kolwezi.
Column: New EU power market, same old problems for metals sector
The bloc's power prices have historically been twice those of the US, but are now three or four times higher.
China extends run of gold buying that’s helped support prices
China topped up its gold holdings for a 12th straight month in October.
Impala Platinum starts voluntary job cuts at South Africa mines
The price for palladium has plunged nearly 40% so far this year while primary metal platinum is down 14%.
