Copper - Copperbelt Katanga Mining

U.S. Announces 50% Copper Import Tariff, Driving Price Surge and Impacting DRC Copper Exports 1

U.S. Imposes 50% Copper Tariff: Implications for Global Markets and the DRC’s Copper Industry On July 8, U.S. President Donald Trump announced a sweeping 50% tariff on all copper imports, aiming to boost domestic copper production and reduce reliance on foreign suppliers—an issue he labeled a national security risk. The United States is the world’s second-largest copper importer after China, primarily importing refined copper products. According to the U.S. Department of Commerce, copper imports reached $17 billion in 2024, with Chile alone accounting for $6 billion of that total. While… Read More Here

Mining in DRC Copper

Dowstone Technology to Invest $165 Million in New Copper Smelter in DRC

July 13, 2025July 13, 2025 Constance

Dowstone Technology Plans $165M Copper Smelter in DRC, Boosting China’s Copper Refining Capacity Chinese battery materials firm Dowstone Technology announced on July 3, 2025, its intention to build a state-of-the-art copper smelting facility in the Democratic Republic of Congo (DRC). The planned investment of $165 million aims to create a plant capable of producing 30,000 tons of copper cathodes annually. Construction is expected to span 18 months, pending regulatory approvals from both the DRC and China. This new smelter is poised to further solidify China’s expanding influence in the refined… Read More Here

Mining in Zambia Copper Drilling Exploration New Mining Projects

Prospect Resources Advances Phase 2 Drilling at Mumbezhi with Promising Copper Intercepts and Expanded Exploration

July 13, 2025July 13, 2025 Constance

Prospect Resources Reports Strong Copper Intercepts at Zambia’s Mumbezhi Project as Phase 2 Drilling Accelerates ASX-listed Prospect Resources has reported encouraging progress from Phase 2 diamond drilling at the Nyungu Central deposit within the Mumbezhi copper project in north-west Zambia. The latest results validate the project’s broader structural geological model, underpinned by thick and high-grade copper intercepts. In parallel, the company confirmed that Phase 2 exploration activities are also advancing at the Kabikupa deposit, where extensional drilling is progressing well. Although final assay results from Kabikupa are still pending, initial… Read More Here

Mining in DRC Copper Corporate News

Trafigura Secures Copper Anodes in $200M Prepayment Deal with Ivanhoe Mines

July 13, 2025July 13, 2025 Constance

Trafigura Pays $200M for Congo Copper in Ivanhoe Smelter Deal Amid Tightening Global Supplyy Trafigura Group has agreed to pay $200 million in a prepayment deal to secure copper anodes from Ivanhoe Mines’ new smelter in the Democratic Republic of Congo (DRC), which is expected to begin operations in September. The agreement, finalized in June, was announced by Ivanhoe in a statement on Tuesday. The deal highlights the growing trend of global commodity trading firms — including Mercuria and Vitol — offering upfront financing to lock in future supplies of… Read More Here

Mergers & Acquisitions Copper International New Mining Projects

Oscillate Secures Exclusive Agreement to Acquire High-Potential Copper-Silver Licences in Botswana

July 13, 2025July 13, 2025 Constance

Oscillate to Acquire 17 Copper-Silver Licences in Botswana’s Kalahari Copper Belt Under Deal With Kalahari Copper Copper and base metals developer Oscillate has signed a nonbinding heads of terms agreement with Kalahari Copper to acquire a subsidiary that holds a portfolio of copper and silver exploration licences in Botswana. The proposed acquisition involves 17 tenements, known as the Dalsu prospects, located within the highly prospective Kalahari Copper Belt and the Bushman Lineament—regions recognized for their potential in hosting sedimentary copper deposits. The transaction, which will be executed via a share… Read More Here

Mining in Zambia Copper Corporate News Economy

Barrick CEO Reaffirms Long-Term Copper Optimism Despite U.S. Tariff Shock

July 13, 2025July 13, 2025 Constance

Barrick CEO Says Copper Demand Will Outpace Supply Despite U.S. Tariff Volatility Copper miners remain confident in the metal’s long-term prospects, despite the short-term price turbulence caused by the United States’ newly announced 50% tariff on imported copper, according to Barrick Gold CEO Mark Bristow. Speaking in Lusaka, Zambia—where Barrick is significantly expanding its copper operations—Bristow emphasized that the underlying fundamentals for copper remain strong, even as geopolitical decisions create short-term uncertainty. On Wednesday, U.S. President Donald Trump announced a new 50% tariff on copper imports, effective August 1, citing… Read More Here

Mining in Zambia Copper Corporate News

FQM’s Stake in Prospect Resources set to Extend Sentinel Mine and Drive Zambia’s Copper Growth

July 13, 2025July 13, 2025 Constance

FQM Targets Sentinel Mine Life Extension Through Strategic Investment in Mumbezhi Copper Project First Quantum Minerals’ (FQM) recent strategic investment in Prospect Resources could significantly extend the life of its flagship Sentinel copper mine in Zambia, according to FQM Country Director Anthony Mukutuma. In April, the Canada-based mining giant acquired a 15% stake in Prospect Resources, becoming the largest shareholder in the Australia-listed exploration company. This move marks a key step in strengthening FQM’s copper resource base in Zambia. READ ALSO:FQM Invests in Prospect Resources to Advance Mumbezhi Copper Project… Read More Here

Mining in Zambia Copper Corporate News

Barrick’s $2B Lumwana Expansion to Double Copper Output and Drive Sustainable Growth in Zambia

July 13, 2025July 13, 2025 Constance

Barrick’s $2 Billion Lumwana Mine Expansion Set to Double Copper Output and Boost Zambia’s Economy Construction of the $2-billion expansion at Barrick Gold Corporation’s Lumwana copper mine in Zambia is well underway, marking a pivotal step in its transformation into a world-class Tier 1 copper operation. The project is being spearheaded by the NYSE- and TSX-listed mining giant and is set to significantly increase output and economic impact. During a recent visit to Lusaka, Barrick president and CEO Mark Bristow highlighted how the expansion builds on a remarkable turnaround that… Read More Here

Corporate News Copper Mining in DRC

Ivanhoe Mines Reports 112,009 Tonnes of Copper Produced by Kamoa-Kakula in Q2 2025

July 9, 2025July 9, 2025 Constance

Vancouver, Canada – July 8, 2025 — Ivanhoe Mines (TSX: IVN, OTCQX: IVPAF) has announced robust second-quarter 2025 production results and provided updates on key project developments at its flagship operations: Kamoa-Kakula, Kipushi, and Platreef. During Q2 2025, the Kamoa-Kakula Phase 1, 2, and 3 concentrators processed a combined 3.62 million tonnes of ore, producing 112,009 tonnes of copper. This marks an 11% increase compared to the same period in 2024. Copper production for the first half of 2025 now totals 245,127 tonnes. Phase 1 and 2 concentrators are currently… Read More Here

Copper International

India Unveils Strategic Plan to Boost Copper Output and Secure Global Supply Chain

July 7, 2025July 7, 2025 Constance

India Plans Major Copper Expansion by 2047 with Global Partnerships and Investment Incentives India has announced a comprehensive strategy to ramp up copper production, reduce its dependency on imports, and secure long-term access to global copper reserves. The plan includes inviting foreign companies to establish smelters and refineries in India in exchange for state-owned enterprises investing in overseas mining operations. According to a newly released government policy document—portions of which were first reported by Reuters—India, currently the world’s second-largest importer of refined copper, may need to import between 91% and… Read More Here