Copper
Copper is up 13% so far this year despite sharp declines in the early weeks of the Iran war amid concern about serious fallout for the global economy.
Rio Tinto also hit an all-time high of A$185.50 earlier today.
The delay also cuts 2026 copper output guidance to 700 million pounds, well below earlier forecasts.
CSPD said these crimes may involve individuals experiencing homelessness.
When stronger Chinese data meets supply-chain anxiety, copper can swing quickly – and other base metals often follow.
Refined copper production is forecast to rise marginally by 0.4% in 2026 before accelerating to 3% in 2027
The miner expects to produce between 700,000 and 760,000 tons of copper for the year.
Chinese demand is projected to rise 1.9% in 2026, with growth of 1.3% anticipated in other regions, ICSG said.
Zambia, Africa’s second-largest copper producer after the Democratic Republic of Congo, aims to more than triple its copper output by 2031 and is actively attracting foreign investment.
The U.S.-Israel war on Iran has hit the supply of energy goods and other materials, as Iran has effectively blocked the key Strait of Hormuz shipping artery.
While not as extraordinary, copper prices surged roughly 41% to end 2025 at around $5.70/lb.
China’s continued smelting capacity expansion pushed active capacity to a record 10.73 million tonnes (Mt), up more than 775,000 tonnes year-on-year and well above the three-year average.
The upward revision reflects a fundamental shift in demand, driven by the global energy transition.
A second or subsequent offence would result in a fine up to $25,000, up to 10 years in prison, or both.
Investigators said the stolen metal was primarily smuggled to buyers in China between 2020 and 2025.
The escalation of tensions involving Iran alone triggered a roughly 7% decline, bringing prices closer to the $12,000 mark.
Alcutt hopes that states will make efforts to pass stronger laws as they invest in anti-theft technology to assist with detection.
The police department is asking the public to report any suspicious persons and/or work trucks on Riva Avenue between Church Lane and the South Brunswick border.
Meanwhile, Quebec lawmakers are considering regulatory amendments that would delay stricter arsenic emission limits for the smelter until 2029.
Refined copper production grew by 1%, with a notable 11% jump in secondary output from scrap, offsetting a 1.4% decline in primary production.
CEO Jason Bontempo said the approval allows rapid resource definition and unlocks high-priority zones along the Whitehorse Copper Belt.
Macquarie noted that the market appears “overpriced and oversupplied,” highlighting a lack of genuine physical tightness.
Last year’s price surge helped drive a 23% increase in Codelco’s earnings before items, even as production stayed fairly flat.
The updated directory covers more than 1,400 facilities worldwide, detailing mine, smelter, and refinery capacities along with project developments, ownership changes, and long-term trends.
Subpoenas have been issued to two major metal recycling businesses, and their potential involvement or compliance with regulations is under review.