This morning in metals news: ELYSIS, a joint venture of Alcoa and Rio Tinto, said it is one step closer to the production of carbon-free aluminum; the U.S. trade deficit in September reached $82.9 billion; and, lastly, aluminum and copper prices have leveled off after plunging to close October. MetalMiner has launched a full suite […]
Tag: Copper
ICSG: Global copper mine production up 3.6% through July
Although not accounting for more recent supply concerns, global copper mine production increased by 3.6% through the first seven months of the year, the International Copper Study Group reported. Stay up to date on MetalMiner with weekly updates – without the sales pitch. Sign up now. Global copper production rises through seven months Copper concentrate […]
Copper market shows signs of distress; views differ on copper supply outlook
There doesn’t appear to be a lot of consensus around the copper market. On the one hand, according to Reuters, the International Copper Study Group (ICSG) reports the global refined copper market will be roughly balanced between supply and demand this year. Meanwhile, the group forecasts a significant supply surplus in 2022. The ICSG is […]
Nuclear to power Poland’s copper production
Europe’s drive to reduce carbon emissions is taking many forms, from government support for R&D to investment in electric vehicle (EV) charging structures, hydrogen fuel technology and infrastructure, to name just a few. So much for the carrots. On the stick side, the E.U. has a carbon emissions trading scheme that grants credits to major […]
Global copper mine production up 4.9% in first half of 2021
Global copper mine production picked up by 4.9% during the first half of the year, the International Copper Study Group said this week. More MetalMiner is available on LinkedIn. Copper production gains Broken down further, concentrate production rose by 6.4% during the six-month period. Meanwhile, solvent extraction-electrowinning fell by 1.5%. Chile, the world’s top copper […]
Oak Flat copper mine project in Arizona stalled amid tribal, public opposition
A deal is not a deal until it is done, goes the old adage. Mining projects are notorious for falling afoul due to presuming agreed terms will be played out as expected. The Financial Times reports on the conundrum BHP and Rio Tinto face in developing the Oak Flat copper ore body in Arizona. Stay […]
Copper MMI: Copper prices continue to decline
The Copper Monthly Metals Index (MMI) decreased by 3.4% in August, as forms of the metal included in the index dropped (with the exception of Chinese copper scrap). We’re offering timely emails with exclusive analyst commentary and some best practice advice. Sign up here. Copper prices trend downward Similarly to the index, LME copper prices […]
ICSG: Copper mine production up 4.8% through May 2021
While copper mine supply concerns have cropped up of late — as MetalMiner’s Stuart Burns explained recently — output during the first five months of the year rose by 4.8%, the International Copper Study Group reported Friday. Receive the latest short-term and long-term outlook for the full range of industrial metals (base and ferrous) at […]
This Morning in Metals: SSAB touts world’s first ‘fossil-free’ steel
This morning in metals news: Sweden’s SSAB has hailed the delivery this week of its first shipment of fossil-free steel; copper prices have been sliding; and, lastly, electricity demand soared last week. The MetalMiner Best Practice Library offers a wealth of knowledge and tips to help buyers stay on top of metals markets and buying […]
Copper caught in the summer doldrums
Dial back to the sentiment earlier this year and copper would be powering through $11,000 per metric ton with today’s fundamentals. However, it has spent much of the last month bobbing around the mid $9,500 per metric ton mark (currently sub-$9,400 for cash). We’re offering timely emails with exclusive analyst commentary and some best practice […]