Copper inventories on the US Comex exchange have climbed to a record high, data from the bourse showed on Wednesday, as traders take advantage of the renewed price arbitrage to ship metal to the United States.
Goldman Sachs on Tuesday maintained its forecast for the copper price to average $12650 per metric ton this year and its estimate of a 490,000-ton 2026 surplus for the metal.
Diversified miner BHP expects its copper production for the full-year to June 30 to be in the upper half of the 1.9-million- to two-million-tonne guidance, with strong production at the Escondida mine, in Chile, and the Antamina mine, in Peru, offsetting lower output at the Pampa Norte (Spence) mine, in Chile.
ASX-listed Minrex Resources has appointed Max Piirto CEO effective immediately.
TSX-V-listed Highland Copper says key new appointments will help drive the Copperwood project, in Michigan, to a construction decision.
LONDON - Copper prices may not move higher this year, but will probably hit a record $15000/t within three years, the head of trading firm Traxys said on April 22.
Vancouver-headquartered Sarama Resources has entered into a binding share sale agreement with ASX-listed Riedel Resources to sell its Cosmo and Mt Venn gold projects, in Western Australia, in exchange for a combination of equity consideration and the payment of certain project-related expenses.
LONDON – Global miner BHP is keen to pursue large-scale copper exploration in Zambia, the country's mines ministry said on Monday, highlighting growing international interest in the central African nation's mineral wealth, as surging demand for the metal reshapes global mining priorities.
Two of Zambia’s largest copper smelters and sulphuric acid producers will shut for extended maintenance later this year, two industry sources said, further squeezing copper output and supplies of the chemical used to process copper and cobalt.
TSX- and NYSE-listed Northern Dynasty Minerals and its US-based subsidiary Pebble Limited Partnership have filed a brief in the Alaska Federal Court responding to the Department of Justice (DoJ) brief filed on February 17 on behalf of the US Environmental Protection Agency (EPA).
