Category: Copper

Copper prices are approaching the $10,000 per ton mark following a strong April rally driven by expectations of a rebounding global economy and increased demand for industrial materials. In recent weeks, metals have experienced broad gains, with copper reaching a two-year high at the start of the week. Improvements in manufacturing activities, particularly in key economies like the US and China, have contributed to the positive sentiment surrounding metals. Additionally, persistent inflation concerns are renewing interest in commodities as investors seek assets that may act as hedges against rising prices.… Read More Here

Flourishing activity in the electric vehicle, power infrastructure, AI and automation sectors will lead to at least 10 million metric tons of additional copper consumption over the next decade, commodity trader Trafigura told Reuters. Technological developments such as artificial intelligence and automation, and the energy transition, which includes electric vehicles and renewable energy, have already driven up demand prospects for copper cable used to conduct electricity. Estimates of new demand from these applications vary, but Graeme Train, head of metals analysis at Swiss-based Trafigura, said one third of the 10… Read More Here

Minister of Minerals & Energy Hon Lefoko Maxwell Moagi has revealed that MMG Limited , the new owners of Khoemacau Copper Mining will set up beneficiation activities in Botswana to add value to the product and create thousands of Jobs locally. Minister Moagi was speaking during the change of Khoemacau ownership ceremony in Toteng. MMG Limited ,listed on the Hong Kong Stock Exchange acquired Khoemacau’s parent company Cuprous Capital at over P23 billion in a one of the largest transactions inthe history of Botswana. MMG major shareholder is China Minmetals… Read More Here

Trigon Metals CEO Jed Richardson says they can now confirm that copper mineralisation continues 15km east of the main Kombat mining licence 73B in Namibia.Richardson said this after a drilling campaign intercepted 7.0m at 3.52% copper and 43.09 g/t silver at Schlangental, a key prospect within the more expansive Kombat property.According to Richardson, it is over 25 million tonnes of combined tonnes over 2% copper, almost all contained in just 2.1 km.Richardson said the expanse of the Copper King Extension, specifically Schlangental, has long been an area of interest for… Read More Here

Prospects are poor for First Quantum Minerals to recover its canceled concession for a lucrative copper mine after presidential elections in May, a Reuters review of the campaigns’ proposals and interviews with protest leaders show. Protests against First Quantum’s concession demanding greater environmental guarantees and transparency in negotiations made authorities not only annul its contract to operate one of the world’s largest and newest copper mines but ban all new metal mining permits last year. Metal traders and investors are closely watching the election outcome to see if a new… Read More Here