Richmond Police Seek Assistance in Copper Theft Investigation
Richmond Police Seek Assistance in Copper Theft Investigation **Richmond, VA** - Third Precinct detectives in Richmond are investigating incidents involving the theft of copper downspouts in the Museum District. During one such…
Copper Thieves Sought by Norfolk Police
NORFOLK, VA – Detectives are seeking public assistance in identifying two men who burglarized a commercial property and stole copper piping. The incident, which took place on Wednesday at 880 N. Military…
Goldman Sachs says rising EV usage to power higher copper demand
(Reuters) – Goldman Sachs said rising usage of electric vehicles (EV) was a “key pillar of copper’s bullish story”, forecasting copper demand from the sector to amount to 1 million tonnes (mt)…
Electrical accident at Chile’s El Teniente copper mine leaves one dead
SANTIAGO (Reuters) – An electrical accident at Codelco’s El Teniente mine in central Chile, the company’s largest copper mine, left one dead, the state-owned mining giant said in a statement on Thursday.…
Chile’s Codelco must kick-start lithium industry while reviving copper output
By Fabian Cambero SANTIAGO (Reuters) – Chilean President Gabriel Boric, seeking to expand the country’s long-stalled lithium industry, has tasked state-owned Codelco, the world’s largest copper producer, to lead the charge of…
Codelco CEO steps down as Chile copper giant faces ‘complexities’
By Fabian Cambero SANTIAGO (Reuters) -The CEO of Chile’s state-owned mining giant Codelco is stepping down after only a year in the role, citing person reasons and “complexities” in running the world’s…
Red metal rising: Argentina sets lofty sights on global copper top 10
By Lucila Sigal BUENOS AIRES (Reuters) – Argentina, known better for its Malbec than its mining, has its sights set on becoming a top ten copper producer by 2030, with an investor…
Global copper smelting slides to two-year low in April -satellite data
LONDON (Reuters) – Global copper smelting activity slid in April to the lowest level in two years as Chinese operations shut for maintenance and plants in North America slowed down, data from…
Copper to drift higher, but struggle to rally: Reuters poll
By Eric Onstad and Ashitha Shivaprasad LONDON/BENGALURU (Reuters) – Copper prices are due to recover slightly in coming months, supported by low inventories, but the upside will be curbed by weak physical…
Factbox-Red-hot copper riding a new wave of consolidation
(Reuters) – Glencore Plc has offered $22.5 billion for Canadian copper miner Teck Resources Ltd, the latest in a wave of deals in the global copper industry amid surging demand and tight…
Aurubis CEO says has stopped buying copper from Russia
SANTIAGO (Reuters) – Aurubis AG, Europe’s largest copper smelter and producer, no longer buys the red metal from Russia after it let supply contracts lapse, its CEO told Reuters on Monday. Russia’s…
Big copper deals to take centerstage in Santiago as demand heats up
SANTIAGO (Reuters) – Global copper producers are converging in Chile this week for their largest gathering since 2019, with talks expected to center on the industry’s growing M&A wave amid surging demand…
Lundin’s bid for Chilean copper hints at returning investor optimism
By Fabian Cambero and Divya Rajagopal SANTIAGO (Reuters) – Lundin Mining Corp’s bid for control of Chile’s Caserones copper mine comes despite ongoing uncertainty over potential policy changes to royalties and taxes,…
Rio Tinto sees robust short term outlook for copper
KHANBOGD, Mongolia (Reuters) – The short-term outlook for copper is “pretty healthy,” with global stockpiles trending down and mine disruptions having eroded supply from Latin America, Rio Tinto’s head of copper Bold…
Major copper producers unveil plan to reach net zero emissions by 2050
MELBOURNE (Reuters) – A group of the world’s biggest copper producers said it aimed to slash direct and indirect greenhouse gas emissions to zero by 2050, in a move that could make…
Stellantis invests $155 million in Argentine copper mine
ROME (Reuters) – Carmaker Stellantis said on Monday it had invested $155 million to buy a minority stake in a copper mine in Argentina as part of its global push to secure…
First Quantum suspends copper concentrate loading at Panamanian port
(Reuters) -First Quantum Minerals Ltd said on Monday it has suspended loading operations at a major port in Panama, blocking the Canadian company’s path to export from the Cobre Panama copper mine…
SUZANNE DOWNING: Will The Left Ever Allow Copper Mines In America?
SUZANNE DOWNING: Will The Left Ever Allow Copper Mines In America? Suzanne Downing on February 5, 2023 The permanent bureaucracy has done it again, driving another stake through the heart of the…
Mongolia calls on Rio Tinto to keep budget for giant copper mine in check
By Clara Denina LONDON (Reuters) – Mongolia has asked Rio Tinto, its partner in the huge Oyu Tolgoi copper and gold mine in the Gobi desert, not to further increase its estimated…
Exclusive-Chile mine delays to slow copper growth; peak seen lower, later -regulator
By Fabian Cambero SANTIAGO (Reuters) – Copper production in Chile, the world’s largest producer of the red metal, will grow at a slower rate this decade than previously hoped, a government report…
Chile copper exports total $4.28 billion in December
SANTIAGO (Reuters) – Chile, the world’s top copper producer, saw exports of the red metal reach $4.28 billion in December, down 13.2% from a year earlier, the central bank said on Monday.…
Copper smelter Aurubis plans 530 million euros in new investments
BERLIN (Reuters) – Europe’s largest copper smelter Aurubis scrapped its existing dividend policy and announced 530 million euro ($562.44 million) of growth-oriented investments, the company said on Tuesday, expanding plants in the…
Billionaire-backed KoBold Metals to invest in Zambia copper mine
JOHANNESBURG (Reuters) – California-based artificial intelligence exploration firm KoBold Metals is investing $150 million to develop a copper mine in Zambia, the company announced at the U.S.-Africa Leaders Summit in Washington, D.C.,…
Chile copper production down 4.27% in September – Cochilco
SANTIAGO (Reuters) – Chile’s total copper production fell 4.27% in September to 428,300 tonnes, government body Cochilco said on Thursday. Production from state-owned giant Codelco fell 7.92% on a year-on-year basis to…
Vale CEO says iron ore miner will spin-off copper, nickel unit
LONDON (Reuters) – The chief executive of Vale SA said on Friday the Brazilian iron ore miner is reconsidering a near-term spin-off of its base metals business and an eventual public listing.…
Codelco offers 2023 European copper premiums at record high -sources
LONDON (Reuters) -Chile’s Codelco, the world’s biggest copper miner, is offering to sell copper to European buyers at a record high premium around $235 a tonne for 2023, a rise of 85%…
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