Page 68 - Escondida News Today

World’s top 10 biggest copper mines Freeport-McMoRan and Sumitomo Metal Minings Morenci copper mine 80 km due northeast of Safford, Arizona. Credit: Freeport Arizona Copper, the highly conductive red metal vital to the manufacturing of products essential to the electrification of the world’s energy systems is also used in heating, cooling, electronics, power generation and transmission, automotive applications and has antimicrobial abilities. Demand from the green energy transition has s...

By Reuters Staff 2 Min Read HANOI, May 12 (Reuters) - Copper prices rose on Wednesday, as supply worries in Chile supported prices to stay near their record high levels touched earlier this week. Three-month copper on the London Metal Exchange rose 0.5% to $10,513 a tonne by 0136 GMT, hovering near an all-time high of $10,747.50 a tonne hit on Monday. The most-traded June copper contract on the Shanghai Futures Exchange advanced 0.6% to 76,300 yuan ($11,865.51) a tonne, also near its record 78,...

Follow RT on Prices for copper reached record highs and are expected to keep growing as global shortages of the metal and declining inventories are heated by easing concerns over the health of the global economy. Copper for delivery in July was up 0.98% at 06:45 GMT, with futures trading at $4.8085 per pound, or $10,578 per metric ton, on New York’s Comex market. China’s massive physical purchases of refined copper were the initial driver for the post-pandemic price rebound. The nat...

By Reuters Staff 2 Min Read HANOI, May 11 (Reuters) - Prices of Shanghai copper slipped 1.5% on Tuesday, as investors exercised caution following a recent rally that pushed the metal to a record high while tepid demand from industrial buyers in top consumer China also weighed. The most-traded June copper contract on the Shanghai Futures Exchange was down at 75,600 yuan ($11,773.68) a tonne, as of 0237 GMT, slipping from a record high of 78,270 yuan a tonne notched in the previous session. Yangs...

MiFID II exempt information – see disclaimer below - FCA looks to scrap MiFID research rules on small-caps in UK competitiveness drive (Investment Week) Canyon Resources (ASX:CAY) – Minim Martap bauxite project mineral resource upgrade  (Altus Strategies is invested in Canyon Resources) Marvel Gold (ASX:MVL) – Chilalo Graphite Project spin out  (Altus Strategies holds a JV agreement with Marvel Gold)  Metal Tiger (AIM:MTR) – Drilling Commenced at KML copper project Serabi Gold* (AIM...

(Updates prices) HANOI, May 11 (Reuters) - London copper prices climbed on Tuesday, as traders bet on demand prospects from metal-reliant renewable energy and electric vehicles (EV) sectors and as the global economy steadily recovers from the fallout of the COVID-19 pandemic. Three-month copper on the London Metal Exchange was up 0.9% at $10,470 a tonne, as of 0701 GMT, inching closer to a record peak of $10,747.50 notched in the previous session. The most-traded June copper contract on the Sha...

Copper price hits new high on declining scrap supplies Stock Image. Shortages of copper and declining inventories could drive prices to levels beyond current record highs unless scrap supplies increase — scrap accounts for about a third of the roughly 30 million tonnes of annual global copper supplies. As copper prices rise, the flow of scrap accelerates as the market attempts to cover the gap between demand and supply. Sign Up for the Copper Digest Sign Up Copper for delivery in July was ...

Escondida and Spence copper mines in Chile, owned by BHP Billiton, face the threat of strike May 11,2021 07:03 CST Source:Mandarin Finance and Economics [the Escondida and Spence copper mines of BHP Billiton face the threat of strike] the union chairman said on Monday that the union representing workers at BHP Billitons Chilean Escondida and Spence copper mines had asked its members to vote on the strike action after contract negotiations between employers and employees stalled. The companys in...

Message : Required fields HANOI, May 11 (Reuters) - Prices of Shanghai copper slipped 1.5% on Tuesday, as investors exercised caution following a recent rally that pushed the metal to a record high while tepid demand from industrial buyers in top consumer China also weighed. The most-traded June copper contract on the Shanghai Futures Exchange was down at 75,600 yuan ($11,773.68) a tonne, as of 0237 GMT, slipping from a record high of 78,270 yuan a tonne notched in the previous session. Yangsha...

1 Min Read SANTIAGO, May 4 (Reuters) - Copper production at most of Chile’s mines was mixed in March because of strong output from state-miner Codelco and Collahuasi but a continued downturn in production at BHP’s Escondida. Chilean state Copper Commission Cochilco reported that Codelco’s production rose 0.7% this March compared to the same month the previous year to 148,700 tonnes, while Collahuasi - a joint venture by Glencore and Anglo American - posted a 5.2% year-on-year uptick in it...