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 production

ICSG 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.