MINING.COM

LME Week: Codelco expects China’s copper demand to be resilient

China buys about half of Codelco's production and also accounts for about half of global copper consumption, which analysts estimate will be around 25 million tonnes this year.

Reuters | October 24, 2022 | 10:49 am

US mining sanctions take aim at Nicaragua’s Ortega

Biden has signed an executive order that includes the authority to ban US companies from doing business in Nicaragua's gold industry.

Reuters | October 24, 2022 | 10:10 am

Brokers balk as nickel tycoon seeks to add to LME short position

Tsingshan is talking to brokers about starting to increase its position on the London Metal Exchange as a hedge for its own nickel output.

Bloomberg News | October 24, 2022 | 9:43 am

Jokowi’s metals downstreaming push leads to record FDI surge

Foreign-direct investments into Indonesia surged by the most on record, driven by the metals industry.

Bloomberg News | October 24, 2022 | 9:38 am

China’s billion-dollar cash-for-copper trade grinds to a halt

The Chinese copper market is at its tightest in more than a decade as traders pay massive premiums for immediate supplies.

Bloomberg News | October 24, 2022 | 9:13 am

Copper buyers want longer-term deals on supply concerns, Codelco says

The Chilean state-owned company recently signed some contracts for three to five years with customers in Europe, in contrast to the more standard annual deals.

Bloomberg News | October 24, 2022 | 9:02 am