Category: International

Copper production in Chile rose 9.8% on an annual basis to 417,000 metric tons in February even as state-run Codelco’s output dipped, the country’s copper commission Cochilco said last week. Despite the overall rise, production at Chile’s embattled copper giant Codelco, the world’s largest copper producer, dipped 1.6% to 103,700 tons. February’s rise in production was helped by a 34.1% year-on-year rise from BHP’s flagship Escondida mine, the world’s largest copper mine, which saw production reach 97,500 tons in February Collahuasi, another major copper mine in Chile jointly run by… Read More Here

Copper prices soared to their highest intraday levels since January 2023, driven by tightening supply conditions and optimism surrounding a potential recovery in Chinese demand. On Monday, prices surged as much as 1.7% to reach $9,484.50 per ton, marking a 15% increase over the past two months. Major disruptions at key mines have led smelters to pay historically high prices for mined ore, while Chinese plants, responsible for over half of global refined copper production, are considering joint output cuts in response to the supply constraints. Investor sentiment has also… Read More Here

First Quantum Minerals’ subsidiary, Minera Panamá, has issued a warning regarding the potential hazards of long-term copper concentrate storage at the Cobre Panamá mine. The company reports an increase in chemical reactions leading to the generation of dangerous gases and rising temperatures in the stored material. These factors pose environmental risks and threaten the health and safety of workers engaged in care and maintenance activities at the site. Since the forced closure of Cobre Panamá last December, ordered by the Laurentino Cortizo administration, First Quantum has been unable to export… Read More Here