Loading
Copper: Freeport’s profits drop 60% due to lower production and Indonesia’s problems
Mining company Freeport-McMoRan Inc on Thursday reported a 60 per cent slump in second-quarter profits, due to lower production and lower sales caused by delays in shipments to Indonesia. Freeport operates the low-cost, high-grade Grasberg mine in Indonesia and its...
Copper: speculators return to buying after a negative May
Copper's electrical conductivity makes it a key component of the green energy transition, whether in the form of solar panels, electric vehicles or wind turbines. Funds are taking their cue from weakness in the global manufacturing sector, especially in China, the...
Constellium agrees to sell 3 of its German plants to Vaessen Aluminium for EUR 48.8 million
On Tuesday, 18 July, Constellium SE, a leading global manufacturer of high value-added aluminium products and solutions, announced the sale of three of its light alloy extrusion plants to Vaessen Aluminium. According to reports, Constellium has already signed a...
Copper: Anglo American’s first-half production increased by 42 per cent
Global miner Anglo American said on Thursday that its first-half (H1) copper production rose 42%, buoyed by the start-up of operations at its Quellaveco mine in Peru. Copper production rose to 387,200 tonnes in H1, up from 273,400 tonnes a year earlier. Increased...