Page 144 - Codelco News Today

Volvo Cars reported a record first quarter in sales; and, lastly, Chilean miner Codelco requested arbitration with Ecuador regarding the Llurimagua project. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying strategies. Aluminum Association calls for Section 232 exclusion reform Alexander Chudaev/Adobe Stock Just over three years ago, former President Donald Trump used Section 232 of the Trade Expansion Act of 1962...

Yangshan copper premium dropped to $54 a tonne, its lowest since Nov. 27, indicating weakening demand for imported metal from top consumer China. Copper inventories in warehouses approved by the London Metal Exchange climbed to 150,325 tonnes, their highest since Nov. 26, while ShFE stockpiles were last at 188,359 tonnes, their highest since Sept. 18. Three-month copper on the LME edged up 0.2% to $8,930.50 a tonne by 0152 GMT, as the dollar hovered near a more than two-week low, making g...

After witnessing the highest fall in history in 2020 due to Covid-19, copper production in Peru is forecast to rise by 10.4% in 2021, says GlobalData GlobalData 8 April 2021 (Last Updated April 8th, 2021 13:45) Chile’s copper production is estimated to have declined by just 0.7% in 2020. While the country’s mining sector avoided a full-scale lockdown as seen in neighbouring Peru, operational restrictions and rising cases im...

COVID-19: Top copper supplier boosts output amid COVID surge Bloomberg Codelco, the world’s biggest copper producer, has some calming words for traders concerned that a COVID-19 resurgence in Chile would disrupt supply of the metal. “Definitely not,” company chairman Juan Benavides said when asked if a tightening of restrictions this week would interrupt the company’s operations or shipments. Codelco lifted first quarter output despite a surge of infections in Chile, he said in an inter...

3 Min Read SANTIAGO (Reuters) - Chile’s top lithium regulator is preparing to slash the red tape that investors have long said stymies output and new projects in the world’s No. 2 producer of the ultralight battery metal, the head of the watchdog told Reuters. Jaime Salas, director of Chilean nuclear agency CCHEN, said in an interview in his Santiago office that the agency would shortly roll out revamped guidelines that make clear and transparent to newcomers how it determines lithium quota...

17 March 2021 (Last Updated March 17th, 2021 12:33) Corporación Nacional del Cobre de Chile (Codelco) has secured approval from the regional environmental regulator to extend the operational life of its Radomiro Tomic mine until 2030. Codelco to extend operational life of its Radomiro Tomic mine in Chile until 2030. Credit: DIEGO EFRAIN CADILLO TRUJILLO from Pixabay. Share Article Corporación Nacional del Cobre de Chile (Codelco) has secured appr...

Copper price jumped on Monday as investors assessed the decision by Chile to close its borders during April due to a spike in covid-19 cases. Copper for delivery in May was up nearly 4% in afternoon trade, with futures at $4.1390 per pound ($9,125 a tonne) on the Comex market in New York. The world’s top exporter of the metal closed its borders for a month as reported a daily record of 7,830 infections last week, an all-time high for occupied hospital beds, and a nationwide positivity rate ...

Blog Blog Blog Blog 7 Apr, 2021 Author Gaurang DholakiaJ. Holzman The copper mining hub of Chile is grappling with a large second wave of coronavirus infections amid a national lockdown, yet the mining sector could be poised to push through the crisis largely unimpeded. Chile implemented renewed border restrictions across major municipalities as the country approached 1 million confirmed cases of COVID-19, which it surpassed at the start of April. Whi...

Codelco is boosting output amid a covid surge in Chile Codelco Chuquicamata mine is by excavated volume the largest open pit copper mine in the world, located in the north of Chile. (Credit: Consejo Minero) Codelco, the world’s biggest copper producer, has some calming words for traders concerned that a covid-19 resurgence in Chile will disrupt supply of the metal. “Definitely not,” Chairman Juan Benavides said when asked if a tightening of restrictions this week would interrupt the co...

3 hours Record High COVID Cases Could Stall India’s Oil Imports 5 hours Lawsuits Pour In After Texas Freeze Pushes Bills Sky-High 6 hours Tesla Stuns With Record Q1 Delivery Numbers 7 hours Suez Canal Traffic Jam Clears 3 days U.S. Govt. Says Federal Land Drilling Program Is “Broken” 3 days Mozambique Says Total’s LNG Project Is Safe From Militants 3 days U.S. And Iran Set To ...