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Zijin Mining Announced Plans to Invest in Gigantic DRC Copper Smelter

November 24th 2021

The proposed $769 million copper smelter project, once constructed, would be the largest copper smelter in Africa and one of the largest single-line smelters in the world.

World Copper Mine Output Surged Until August This Year

The world refined copper production increased by 2.1% in the first eight months of 2021.

World Copper Metal Balance Ended in Deficit

The world copper mine production during January to September this year totalled 15.58 million tonnes, slightly higher by 3.0% when compared with the year-ago period.

Freeport McMoRan Q4 Results Boosted by Elevated Copper Prices

The consolidated debt as at end-September this year was $9.7 billion, whereas the net debt stood at $2.0 billion.

Refined Copper Balance Posted 138,000 Tonnes Deficit

The primary production was up by 1.8%, while the secondary production reported a jump by 7%.

Copper Forecast to Defend Current Price Levels in the Near Term

It must be noted that cash quote for the metal stood at $10,500 per tonne on the London Metal Exchange (LME) during this weekend.

Copper prices setting up for record surge

Copper prices are headed for record highs as commodity traders rotate out of oil, according to technical analysis conducted by Bank of America.

Copper heads for best week since 2016, zinc rockets

Copper on Friday was heading for its biggest weekly gain since 2016 as surging power prices threaten to curb supply at a time when exchange stockpiles are at rock bottom.

Freeport Commenced Construction of Cutting-Edge Copper Smelter in Indonesia

The new facility, located at Gresik in East Java, is being built at an investment of around $3 billion.

World Copper Mine Output Surged in First Half This Year

The concentrate production has surged higher by 6.4%, whereas the SX-EW output posted marginal decline by 1.5%.

World Copper Metal Balance Ended in Deficit Until July

The reported copper metal stock stood higher by 29kt, when compared with end-December 2020 levels.

WBMS: Copper Metal Market Ended in Deficit in H1 2021

The reported copper metal stock stood higher by 58kt, when compared with end-December 2020 levels.

Codelco Commenced Works on Salvador Copper Mine Expansion

Around 2,400 jobs will be generated during the peak construction period.

Copper Study Group Signalled Surplus Market Until May

On the contrary, Peru, the second largest producer of mined copper in the world, saw its output increase by 17%.

Metal Prices

Base Metals		VIEW ALL
Alumina 98.5% min	58570.40	5690.64
Aluminum Alloy A356	2.70723	0.23
Minor Metals		VIEW ALL
Ammonium heptamolybdate 54% min	2292776.64	-171898.56
Ammonium metavanadate 98% min	1515367.84	-72654.76
High Purity Metals		VIEW ALL
Aluminum ingot purity 9999900	41900.00	0
Aluminum oxide purity 9900000	12100.00	0
Rare Earth		VIEW ALL
Cerium carbonates TREO 45% min, CeO2 / REO 100%	126342.72	-3768.68
Cerium Metal 99% min	437925.60	6402.12

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