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Topic

Copper Mines

Pakistan mineral outlook

Pakistan mineral outlook

Updated 16 Aug, 2023 06:18am
Recently, an important conference, ‘Pakistan Mineral Summit’, has been organised in Islamabad by the Petroleum...
Copper slips on worries about Chinese demand after trade data

Copper slips on worries about Chinese demand after trade data

Published 07 Jun, 2021 06:10pm
  • Three-month copper on the London Metal Exchange shed 0.9% to $9,864 a tonne in official trading after rising by 1.7% on Friday.
  • Hansen said if prices extended their retreat, they would likely head towards the 50-day moving average around $9,655.
Canada's First Quantum sells Australia nickel mine stake to POSCO for $240mn

Canada's First Quantum sells Australia nickel mine stake to POSCO for $240mn

Published 19 May, 2021 08:04pm
  • First Quantum said it and Posco have also agreed to evaluate a strategic partnership to produce battery precursor materials from production at the mine.
  • Ravensthorpe is a large-scale, open pit nickel and cobalt operation located in Western Australia. Nickel production last year was 12,695 tonnes.
Zambia denies report it shuttered Konkola Copper Mines

Zambia denies report it shuttered Konkola Copper Mines

Published 06 May, 2021 05:12pm
  • "There is no point at which production has been halted or even stopped; there has been continuous production throughout."
  • Zambia handed control of KCM to a provisional liquidator in May 2019, triggering an ongoing legal dispute with Vedanta.
Copper edges higher on expected demand from climate push

Copper edges higher on expected demand from climate push

Published 22 Apr, 2021 05:30pm
  • Three-month copper on the London Metal Exchange was up 0.1% at $9,455.50 a tonne by 1010 GMT, recovering after touching an intraday low of $9,385.
  • "Days like today when there is no major news flow, some people are saying copper and aluminium are both looking quite pricey, so why not take some profits out of this stellar run that we've had," he said.
Copper retreats

Copper retreats

Published 21 Apr, 2021 03:21am
LONDON: A rally in copper prices towards 10-year highs paused on Tuesday as rising coronavirus infections pulled...
Bullish sentiment propels copper to six-week high

Bullish sentiment propels copper to six-week high

Published 15 Apr, 2021 08:21pm
  • Benchmark three-month copper on the London Metal Exchange (LME) was up 1.2% at $9,180.5 a tonne in official trading, after touching a six-week high of $9,211.
  • Copper is used in electric cabling, construction and, increasingly, in electric vehicles and wind turbines. This has triggered a wave of bets for soaring demand and elevated prices.
Copper climbs

Copper climbs

Published 18 Mar, 2021 03:56am
LONDON: Copper climbed on Wednesday on indications of higher demand for the metal, though gains were capped by ...
Chile's Codelco gets regulatory nod to extend life of Radomiro Tomic mine

Chile's Codelco gets regulatory nod to extend life of Radomiro Tomic mine

Published 16 Mar, 2021 09:42pm
  • Thanks to the incorporation of new mining resources, it will be possible to extend it for seven more years from 2023.
  • The next five years will not be easy for Radomiro Tomic because of the deterioration in our mining assets, so it is key we continue to be austere, innovative and more productive.
Copper slips on profit-taking, but holds near 9-year peak

Copper slips on profit-taking, but holds near 9-year peak

Published 17 Feb, 2021 06:40pm
  • Copper inventories are low generally. Normally in China there would have been a build-up before the New Year holiday, but that didn't happen.
  • "The reflation narrative has taken hold and that could be reinforced by a decision in the United States to press ahead with large stimulus."
Copper at one-month high on stimulus hopes, soft dollar

Copper at one-month high on stimulus hopes, soft dollar

Published 09 Feb, 2021 05:25pm
  • Three-month copper on the London Metal Exchange (LME) added 1% to trade at $8,118 per tonne.
  • Its a macro-driven story for copper at the moment. Market participants are euphoric and equities are at record highs.
Zambian court denies Vedanta attempt to halt Konkola Copper Mines split

Zambian court denies Vedanta attempt to halt Konkola Copper Mines split

Published 01 Feb, 2021 06:17pm
  • The ruling is a blow to the Indian-owned mining company which has said it would fight any attempt by Zambia to sell KCM to third parties.
  • Lungu said the order that instated him as provisional liquidator set out powers including the ability to split and sell the company.
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