Copper
ICSG forecasts copper supply pressures but cautious on demand
The International Copper Study Group (ICSG) has cut its forecast supply surplus for this year due to much lower-than-expected mine productionICSG Declared Copper Market Forecast for 2024 and 2025
The world refined copper production is expected to rise by around 2.8% in 2024 and by 2.2% in 2025.CODELCO’s Pre-Tax Profits, Copper Output Slumped in Q1 2024
CODELCO reported dip in direct costs by 4.9% year-on-year to 193.9 cents per pound in the January-March period in 2024.BHP to Reshape Copper Market with Anglo Bid
London-listed miner Anglo American said on Thursday it had received an all-share buyout proposal from BHP Group.Anglo American Posted Notable Surge in Copper Production
he nickel production remained broadly unchanged, registering marginal decline by 2% from 9.7 kt to 9.5 kt.Copper Theft Behind AT&T Outages in Arkansas and Missouri, Police Say
AT&T workers were repairing the cut Monday afternoon.Nornickel Set to Build Copper Plant in China After Shutting Russian Factory
Potanin said Nornickel would create a joint venture in China to build the new plant, which should be constructed by mid-2027.Codelco Copper Output Affected by Fatal Accident, Chile Minister Says
Both Williams and Chairman Maximo Pacheco say Codelco is on track to increase production this year, with a drop in output in the first quarter in line with internal targets.Gov. Walz Says He Supports Proposal to Curb Copper Wire Theft in Minnesota
In the proposal, licensed electricians are automatically deemed eligible to purchase or sell scrap metal, and residents and businesses would still be able to recycle copper for free.Antofagasta: Rising Demand and Squeezed Supply to Push Copper Prices Higher
The company foresees copper prices in a trajectory towards higher levels, he added.Russia and China Trade New Copper Disguised as Scrap to Skirt Taxes, Sanctions
Volumes rose sharply over the last few months with monthly imports reaching 11,599 tons by February 2024.Copper Prices Hit 22 Month High as Supply Concerns Mount
Other base metals, including zinc, have also experienced gains amid concerns over Chinese refined output risks.ICSG: World Secondary Copper Output Surged in 2023
Meantime, the production of primary copper surged higher by 5.3% from 21.2 mmt in 2022 to 22.3 mmt in 2023.Trafigura: AI to Boost Copper Demand by End-2030
The copper content of data centres is estimated at around 27 tonnes per MW of applied power.Metal Prices
Base Metals | ||
Alumina 98.5% min | 447.18 | $US/MT |
Aluminum Alloy A356 | 3204.9045 | $US/MT |
Minor Metals | ||
Ammonium heptamolybdate 54% min | 29633.12 | $US/MT |
Ammonium metavanadate 98% min | 10881.77 | $US/MT |
High Purity Metals | ||
Aluminum ingot purity 9999900 | 41900.00 | EUR/Kg |
Aluminum oxide purity 9900000 | 12100.00 | EUR/Kg |
Rare Earth | ||
Cerium carbonates TREO 45% min, CeO2 / REO 100% | 784.40 | $US/MT |
Cerium Metal 99% min | 3413.20 | $US/MT |