November 28, 2025

China’s top copper smelters to cut output to combat negative processing fees

China’s top copper smelters will cut production by over 10% in 2026 to counter overcapacity.

November 28, 2025

Copper tensions run high with global market at ‘historic point’

Pricing talks were unusually fierce during a major industry gathering in Shanghai this week.

November 28, 2025

Mercuria metals boss says ‘this is the big one’ for copper bulls

Kostas Bintas says copper will soon start ratcheting higher still, as the revival of the lucrative US arbitrage trade fuels shortages elsewhere.

November 27, 2025

Comex copper premium here to stay, LME executive says

The divergence between CME and LME, driven by US tariffs, has drained LME inventories.

November 27, 2025

Japanese copper smelters seek 2026 TC/RCs different from China-set benchmarks

Global smelting capacity is expanding faster than mined supply, led by China, creating a persistent tightness in concentrate that has squeezed smelters' margins.

November 27, 2025

Iron ore price inches higher on softer dollar, weak demand caps gain

Waning demand for lump ores from loss-suffering steelmakers have led to the weak premiums.

November 27, 2025

Platinum prices rise as China launches new futures contracts

The contracts are the first domestic price-hedging mechanism for platinum and palladium in the world's second-largest economy.

November 26, 2025

Silver stockpile slump in China poses new risk to a hot market

Inventories in warehouses linked to the Shanghai Futures Exchange recently hit the lowest level since 2015.

November 26, 2025

China ‘firmly opposes’ negative copper treatment charges

Treatment and refining charges – the fees earned by smelters for processing ore into metal – have plunged to record lows this year.

November 26, 2025

Codelco’s record China copper offer sparks threats to walk away

Record-high offers from Chile’s copper giant spur some Chinese buyers to exit 2025 term deals and question the benchmark.