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CODELCO to Cut Refined Copper Shipments in 2023

CODELCO to Cut Refined Copper Shipments in 2023

November 24th 2022
It must be noted that Codelco had lowered its 2022 output targets in October, for the second time in three months.
Top 15 Copper Producing Countries in the World

Top 15 Copper Producing Countries in the World

Like most industries, copper was also significantly affected by the pandemic.
WBMS: Global Copper Metal Market Ended in Deficit in Jan-Sep ‘22

WBMS: Global Copper Metal Market Ended in Deficit in Jan-Sep ‘22

The LME stocks of the metal edged higher by 48kt at the end of September this year, as compared with end-2021.
Codelco Profits Plunged, 2022 Production Target Reduced

Codelco Profits Plunged, 2022 Production Target Reduced

The press release issued by Codelco noted that the dip in accumulated production was mainly due to reduction in grade ore at its Ministro Hales division, attributed to a change in sequence and a lower recovery of copper.
ICSG Announced Publication of World Copper Factbook 2022

ICSG Announced Publication of World Copper Factbook 2022

The refined copper usage totalled 25.3 million tonnes in 2021.
Copper price down as China’s yuan falls to lowest since 2008

Copper price down as China’s yuan falls to lowest since 2008

Copper prices fell on Monday as investors worried about the pace of economic growth in China and the yuan fell to its weakest versus the dollar since 2008, making dollar-priced commodities costlier for Chinese buyers.
Copper buyers want longer-term deals on supply concerns, Codelco says

Copper buyers want longer-term deals on supply concerns, Codelco says

Copper buyers are so worried about future availability of the metal that they’re seeking to secure longer-term deals than normal, according to top miner Codelco.
ICSG Published Copper Market Forecast for 2022 and 2023

ICSG Published Copper Market Forecast for 2022 and 2023

ICSG expects the global copper market to see a deficit of around 325,000t in 2022 and a surplus of nearly 155,000t in 2023.
Wieland to Invest in State-of-the-Art Copper Recycling Center

Wieland to Invest in State-of-the-Art Copper Recycling Center

The new German facility is expected to commence operations in early-2025.
Rio Tinto Announced Output Expansion at Kennecott Copper Operations

Rio Tinto Announced Output Expansion at Kennecott Copper Operations

The investment will help Rio Tinto to quickly bring additional volumes of high quality copper to the market and build its knowledge and capabilities.
World Copper Market Ended in Deficit Till July 2022

World Copper Market Ended in Deficit Till July 2022

The reported copper metal stock stood higher by 47 kt at the end of July 2022, when compared with end-December 2021 levels.
World Copper Market Posted Surplus Till July 2022

World Copper Market Posted Surplus Till July 2022

The world refined copper production surged higher modestly by 3% during the initial seven-month period in 2022.
Rio Tinto Foresees Challenges in Near Term Copper Outlook

Rio Tinto Foresees Challenges in Near Term Copper Outlook

Earlier, Goldman Sachs had predicted that copper is likely to begin outstripping supplies by 2025, thus doubling its price from current levels.
Fitch Anticipates Copper Prices to Hit March Peaks in 2027

Fitch Anticipates Copper Prices to Hit March Peaks in 2027

According to Fitch Solutions, a pipeline of new projects, especially in Chile, Peru, Australia and Canada, will bring additional copper to the market.

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