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Copper: Chinalco plans to start copper mine expansion in Peru by the end of June
The Peruvian unit of Chinese company Chinalco is expected to begin construction of its $1.3 billion expansion project at the Toromocho copper mine in southern Peru by the end of June. Chinalco Peru president Xudong Zhang said he expects the Peruvian government to...
Nornickel now earns almost half of its turnover in Asia
Norilsk Nickel, Russia's largest mining company, now earns almost half of its revenue in Asia, while sales in Europe plummet, further reflecting the change in global commodity flows following the war in Ukraine. In the first three months of 2023, Asia accounted for...
Copper: the metal suffers a blow in the battle for critical mineral status in the US
The US Geological Survey (USGS) has informed Congressmen and Senators that copper has not achieved the critical ore status necessary to be added to the official list of commodities at risk of supply shortages, the Copper Development Association (CDA) said. The USGS...
Copper: prices under pressure from poor demand prospects and rising supply
Copper prices continued their downward trend as the market focused on the deteriorating demand picture in China, the main consumer, increasing supplies and growing inventories in LME-approved warehouses. The three-month benchmark copper on the London Metal Exchange...