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Category: International

International Copper 

Codelco Shifts Copper Sales to U.S. Amid Trade Uncertainty

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Codelco, the world’s largest copper producer, is redirecting some of its spot sales to the United States, CEO Rubén Alvarado announced on Friday. This move follows U.S. President Donald Trump’s February directive to investigate potential tariffs on copper imports, an effort aimed at revitalizing domestic production. The announcement has fueled a surge in copper demand. Alvarado expressed confidence in copper’s long-term market fundamentals and dismissed concerns over potential sanctions or tariffs. “We are committed to meeting the needs of our U.S. clients and have adjusted part of our spot sales… Read More Here
International 

Mercuria Intensifies Copper Trading to Match Oil Division Success

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Mercuria, one of the world’s largest independent energy and commodity trading companies, is making a significant shift in its business strategy by expanding into copper trading. The Swiss commodities giant aims to elevate its metals division to the same scale and profitability as its well-established oil trading business, signaling a long-term strategic pivot. At the FT Commodities Global Summit, CEO Marco Dunand emphasized Mercuria’s “substantial investment in the metals sector,” focusing particularly on copper as a key growth driver. “There are significant opportunities to pre-finance, co-invest, and secure supply in… Read More Here
International Corporate News 

Glencore Declares Force Majeure on Copper Shipments from Altonorte Smelter

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London-listed mining giant Glencore has declared force majeure on copper shipments from its Altonorte smelter in Chile, following a suspension of production at the facility, according to two industry sources. Force majeure is typically declared when unforeseen events prevent companies from meeting contractual obligations. The sources were unable to confirm how long operations at Altonorte, which has an annual capacity of 350,000 metric tons of copper in anode form, would remain halted. Glencore has yet to comment on the situation. Although Altonorte’s output represents only a small portion of global… Read More Here
Copper Corporate News International 

FQM Suspends Public Tours of Panama Copper Mine Amid Govt Pressure

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First Quantum Minerals announced on Thursday that it will halt public tours of its shuttered copper mine in Panama following concerns raised by President José Raúl Mulino that the company should not create the impression that the site remains operational. Speaking at a press conference earlier that day, Mulino clarified that no discussions had taken place with First Quantum regarding the mine’s future. The Panamanian government ordered its closure in late 2023 after widespread public protests over environmental concerns. “I don’t want them to give the impression that the mine… Read More Here
International Corporate News Gold 

Mali Expects Gold Output Recovery in 2025 Amid Barrick Gold Standoff

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Mali anticipates a slight rebound in industrial gold production in 2025, assuming Barrick Gold resumes operations following a prolonged dispute with the government, according to a document from the country’s mines ministry seen by Reuters on Wednesday. Gold production is projected to reach 54.7 metric tons in 2025, up from 51.7 tons in 2024, which marked a 23% decline from previous years. As one of Africa’s leading gold producers, Mali hosts around 15 operational gold mines, primarily owned by Barrick Gold, B2Gold, Resolute Mining, Endeavour Mining, and Hummingbird Resources. Barrick… Read More Here
International 

Trump Orders Increased U.S. Mineral Production, Raising Questions Over DRC Partnership

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U.S. President Donald Trump has announced new measures to boost domestic mineral production, including critical minerals, uranium, copper, potash, and gold. The Trump administration stated that the move addresses the “grave” security and economic risks posed by U.S. dependence on foreign mineral supplies, particularly from hostile nations. Under the directive, the Secretary of the Interior and White House economic and security advisers must, within 10 days, identify all federal lands with known mineral deposits. “The Secretary of the Interior shall prioritize mineral production and mining-related activities as primary land uses… Read More Here
International Copper Corporate News Gold 

Zijin Mining Sees 52% Profit Growth Amid Rising Copper and Gold Prices

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Zijin Mining Group, China’s largest metals producer, reported a 52% surge in profit for the past year, driven by higher copper and gold prices, as well as increased production. Net income rose to 32.1 billion yuan ($4.4 billion), while sales climbed 3.5% to 303.6 billion yuan, according to an exchange filing. The company had initially expected earnings to increase by 53%, reaching 32 billion yuan. Over the past decade, Zijin has expanded aggressively, becoming a significant global copper supplier through major new projects in the Democratic Republic of Congo and… Read More Here
Gold International 

Gold M&A Activity Set to Surge in 2025 Amid Rising Prices and Limited Discoveries

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As in 2023 and 2024, when gold dominated global mining mergers and acquisitions (M&A), the trend is expected to continue in 2025. Experts predict that the rising price of gold and the limited number of major gold discoveries will keep gold at the forefront of M&A activity in the mining sector. Earlier today, South Africa’s Gold Fields announced a $2.1 billion proposal to acquire Australian Gold Road Resources. Although the proposal was swiftly rejected by Gold Road’s board of directors, it highlights the ongoing wave of M&A activity in the… Read More Here
International Corporate News 

Glencore Halts Copper Shipments from Chile’s Altonorte Smelter Amid Furnace Issues

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Glencore Plc has suspended shipments from its Altonorte copper smelter in Chile due to a furnace malfunction, disrupting operations as traders and producers rush to supply more metal to the U.S. ahead of potential tariffs. The company has temporarily halted production and invoked force majeure clauses in its commercial contracts, sources familiar with the matter revealed. Force majeure provisions allow suppliers to suspend deliveries due to unforeseen circumstances beyond their control. This setback adds to a series of recent disruptions at smelters and refineries in Asia, further tightening global copper… Read More Here
International Copper Corporate News 

First Quantum Opens Cobre Panama to Public in Bid for Restart Support

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First Quantum Minerals (TSX: FM) officially opened Cobre Panama to visitors on Monday as part of its efforts to regain public support for restarting the $10 billion copper mine, which has remained shut for over a year. In a press release, Cobre Panama announced the launch of its Mine Visit program, granting the public access to one of Latin America’s most advanced copper mining operations. Guided by Panamanian engineers and miners, visitors can tour key facilities, including the Botija pit, the 300 MW power plant, the international port, and the… Read More Here

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