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Category: Copper

Peru Seeks Talks with U.S. Over Proposed Copper Tariffs 1 Copper International 

Peru Seeks Talks with U.S. Over Proposed Copper Tariffs

Constance
Peru is preparing to send a delegation to meet with U.S. officials following the Trump administration’s announcement of potential copper tariffs that could impact Peru’s largest export product. “The rules of the game are changing quickly under the new North American administration,” Energy and Mines Minister Jorge Montero said in Lima on Monday. Peru aims to protect its economic interests and mitigate the impact of any restrictive U.S. trade measures. As the world’s third-largest copper supplier, Peru exports some of its semi-processed copper to the U.S., though most is shipped… Read More Here
Ivanhoe Mines Reports Strong Copper and Zinc Production in the First Two Months of 2025 2 Mining in DRC Copper Press Release Zinc 

Ivanhoe Mines Reports Strong Copper and Zinc Production in the First Two Months of 2025

Constance
Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chairman Robert Friedland and President & Chief Executive Officer Marna Cloete announced an update on year-to-date production at the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) and the ultra-high-grade Kipushi zinc mine, also in the DRC. Kamoa-Kakula delivered near-record copper production in January of 45,477 tonnes and 40,849 tonnes during the shorter month of February. Daily copper production averaged over each month totaled 1,467 tonnes per day (tpd) in January and 1,459 tpd in February. These achievements are just… Read More Here
US and DRC in Talks Over Critical Minerals Deal 3 Mining in DRC Cobalt Copper Lithium 

US and DRC in Talks Over Critical Minerals Deal

Constance
The United States is engaging in exploratory discussions with the Democratic Republic of Congo (DRC) over a potential agreement that would grant the US access to the country’s critical minerals in exchange for military support. The DRC government reportedly initiated discussions two weeks ago, following an interview in which President Félix Tshisekedi stated that the Trump administration had expressed interest in the nation’s vast mineral resources. The DRC is the world’s largest producer of cobalt, a key component in electric vehicle batteries, accounting for over 70% of global production. The… Read More Here
Rome Resources Confirms Extensive Copper and Tin Mineralization at Mont Agoma 4 Mining in DRC Copper New Mining Projects Tin 

Rome Resources Confirms Extensive Copper and Tin Mineralization at Mont Agoma

Constance
AIM-listed Rome Resources has announced promising assay results from drill hole MADD018 at its Mont Agoma prospect in the Democratic Republic of Congo. The results confirm a cumulative 62.25 m higher-grade copper zone at 0.61% within a broader 148 m intercept averaging 0.35% copper. Recent drilling has also revealed visible tin across a 40 m interval in hole MADD024, along with a 179 m visible copper zone. Located approximately 70 m beneath the earlier MADD012 drill hole—which reported a 40 m-wide tin zone grading between 0.1% and 0.3%—MADD024 appears to… Read More Here
Mercuria and Glencore Renew Copper Deal with Gécamines 5 Mining in DRC Copper 

Mercuria and Glencore Renew Copper Deal with Gécamines

Constance
Mercuria Energy Group Ltd. and Glencore Plc have renewed their agreement to purchase copper from the Democratic Republic of Congo’s state-owned miner, Gécamines. This move aligns with Gécamines’ strategy to independently market its share of output from joint ventures. According to sources familiar with the matter, the two commodity traders successfully bid for copper from the Tenke Fungurume mine, which is majority-owned by China’s CMOC Group Ltd. Mercuria secured 50% of Gécamines’ allocated copper, while Glencore obtained 25%. The remaining 25% has yet to be assigned. These allocations mirror last… Read More Here
Vedanta CEO Visits KCM to Strengthen Commitment to Mine’s Future 6 Mining in Zambia Copper Corporate News News in Brief 

Vedanta CEO Visits KCM to Strengthen Commitment to Mine’s Future

Constance
Vedanta Resources Group CEO, Deshnee Naidoo, visited Konkola Copper Mines (KCM) operations in Chingola and Chililabombwe last week to gain firsthand insight into the mine’s operations. Her visit follows her recent appointment to lead Vedanta’s expansion projects. Accompanied by a high-level delegation, including Vedanta Base Metals CEO Christopher Griffith, KCM Chief Operating Officer Malcolm Mewett, and other senior officials, Naidoo’s visit reaffirmed Vedanta’s strong commitment to the future of KCM and its strategic growth plans. Read More Here
Ecora Seals $50M Copper Stream Deal for Zambia’s Mimbula Mine 7 Mining in Zambia Copper New Mining Projects 

Ecora Seals $50M Copper Stream Deal for Zambia’s Mimbula Mine

Constance
Critical minerals-focused royalty company Ecora has finalized a $50-million copper stream agreement with Moxico Resources for its Mimbula Mine in Zambia. The deal covers Mimbula’s existing reserve-based life-of-mine (LoM) of 11 years and will support its ongoing expansion. Mimbula’s Phase 1 began producing copper in late 2022 and achieved 14,000 tonnes in 2024. Production is expected to ramp up to a steady 56,000 tonnes per year of copper cathode by mid-2026, following the completion of a Phase 2 brownfield expansion. London-listed Ecora stated that proceeds from the transaction will strengthen… Read More Here
Panama Explores New Solutions for First Quantum’s Copper Mine 8 International Copper 

Panama Explores New Solutions for First Quantum’s Copper Mine

Constance
Panama’s President Jose Raul Mulino announced that his administration is considering “novel ideas” for handling First Quantum Minerals’ Cobre Panama copper mine, while insisting that the company drop its arbitration cases before negotiations can proceed. Speaking in Panama City on Thursday, Mulino stated that he plans to visit communities impacted by the mine’s closure. Since the late-2023 shutdown, following a constitutional court ruling against its operating contract, local suppliers have suffered heavy losses. Many businesses have shut down or written off significant inventory, underscoring the mine’s role as a key… Read More Here
US Copper Tariff Threat Spurs Global Trading Surge 9 International Copper 

US Copper Tariff Threat Spurs Global Trading Surge

Constance
Top commodity traders are seizing a significant profit opportunity by shipping copper to the US from locations as far as Asia, driven by President Donald Trump’s potential import tariffs on the metal. On February 24, 2025, the gap between US copper prices and those on the global market widened sharply after Trump ordered the Commerce Department to examine possible tariffs. On February 25, New York’s Comex saw prices surge by as much as 4.9%, reaching more than $1,000 per ton above the London Metal Exchange (LME) benchmark, which rose 1.2%… Read More Here
Panama President Delays Decision on Cobre Panama Mine Amid Social Security Reform 10 International Copper 

Panama President Delays Decision on Cobre Panama Mine Amid Social Security Reform

Constance
Panama’s President, José Mulino, has stated that a decision regarding the future of the Cobre Panama mine will only be made once the country’s social security policy issue is resolved. This announcement came after a meeting with a group of suppliers, including Abel Oliveros, who were seeking clarity following the mine’s closure due to public protests. The office of the president did not immediately respond to a request for comment. The Cobre Panama mine, once the largest and newest copper mine globally, has been shut down since 2023 following environmental… Read More Here

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