Copper

The Biden Administration has officially halted plans for the Ambler Road in Alaska, a decision that significantly impedes potential mining developments in the region. Announced initially in April, the move aims to protect the environment and uphold the interests of local communities. "Today, my...

Canadian miner First Quantum Minerals (OTC:FQVL) will initiate formal arbitration proceedings against Panama in July over the closure of the Cobre Panama mine last November. With 3.0 billion tons of proven and probable reserves, Cobre Panama is one of the largest new copper mines opened globally in...

Lundin Mining (OTC:LUNMF) announced a $350 million investment to boost its ownership in the Caserones copper-molybdenum mine in Chile to 70%. After acquiring control of the mine in March 2023, the Canadian miner is now exercising a right to expand its stake, boosting its copper and rare metal...

Morgan Stanley analyst Carlos De Alba has upgraded Freeport-McMoRan Inc (NYSE:FCX), Alcoa Corp (NYSE:AA), and Compañía de Minas Buenaventura SAA (NYSE:BVN) to Overweight, citing persistent copper supply challenges and positive developments within these companies. Freeport-McMoRan De Alba upgrades...

Vale SA (NYSE:VALE) plans to increase its copper production to 500,000 tons by 2028 as part of a $3.3-billion capital expenditure plan. That’s up from 326,600 tons in 2023, largely through upgrades to its Salobo and Sossego mines in Brazil. Copper prices have recently surged to new highs,...

Canadian miner Nevada Copper (OTC:NEVDF) filed for Chapter 11 bankruptcy on Monday despite soaring copper prices. The company, burdened by operational setbacks and financing challenges, has secured a commitment from Elliott Investment Management, an activist investor with a strong interest in the...

Freeport-McMoRan (NYSE:FCX) has appointed Kathleen Quirk as its new CEO, marking a significant leadership change as the company gears up to increase copper production to meet growing global demand. Quirk, who joined Freeport in 1989 and previously served as CFO since 2003, is the only female CEO of...

Antofagasta‘s (OTCPK: ANFGF) stock price is up 1.82% at last check Thursday, trading at $27.95 per share after news broke that the company signed a $600-million deal to enhance water supply systems in northern Chile. What Happened: The company took a critical step to ramp up mining...

Copper is facing a headwind as stockpiles in China, the world’s biggest consumer of the metal, are soaring at an unexpected time. This surge is raising concerns about weakening demand despite a recent price rally. Typically, Chinese copper inventories peak in March and then decline as...

Peru is targeting an ambitious increase in copper production, aiming to reach 4 million tons annually, driven by the expansion of its principal Cerro Verde mine and the development of other significant projects. Peruvian Minister of Energy and Mines, Rómulo Mucho, highlighted these plans as part of...

The growing trend of hybrid electric vehicle (HEV) adoption is poised to reshape the landscape for essential raw materials. Bill Peterson from JPMorgan outlines how this shift impacts the demand for lithium, rare earths, copper and aluminum. For investors, this shift comes with significant...

The investment landscape for copper has been ignited by recent bullish predictions, particularly from prominent hedge fund manager Pierre Andurand. Andurand's forecast of copper prices reaching $40,000 per tonne underscored a compelling investment opportunity in copper miner stocks and the Global...

Top Stories for May 22, 2024: 1. Cleveland-Cliffs (NYSE:CLF) refutes allegations from the U.S. Steel (NYSE:X) Board, stating that the company announced an "unclosable deal" that it is now blaming on Cleveland-Cliffs.  They present evidence countering its claims of misinformation, highlighting...

Copper prices continue to reach new record highs daily, soaring to $5.17 per pound on Tuesday, driven by improving market conditions. The metal has surged over 30% year to date, setting the stage for its best-performing year since 2010. Additionally, copper has jumped 28% in the last two months,...

Friday is shaping up to be one of the strongest days for metal commodities in recent years. Gold climbed over 1.7% toward a record-high close above $2,400 per ounce, silver surged more than 6% to its highest level since February 2013, and copper hit an all-time high. What Happened: In a week marked...