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Zambia closes Konkola Deep copper mine
The Zambian government reported that a lack of capital has halted production at Indian billionaire Anil Agarwal's Vedanta Resources Ltd. mine. The stop at Konkola Deep, a high-grade underground shaft that also contains cobalt, was triggered by a lack of funds to...
Falling stocks and rising copper prices
Copper stocks held at the Lme have fallen 20% since mid-April. Since that day, copper has gained 13%. The theory is that a drop in inventory (then physical delivery to the customer) is followed by a rise in the price of the commodity. Often this does not happen, but...
Copper price continues to rise with forecast surplus in 2021
According to the International Copper Study Group (ICSG), the global copper market is expected to see a surplus of 79,000 tons this year and 109,000 tons in 2022. After three years of being essentially unchanged, global copper mine production is expected to increase...
Bhp warns against Chile’s mining tax
Bhp reported that a proposed royalty on copper and lithium sales being discussed by lawmakers in Chile risks making international companies wary of investing in new projects or expanding existing mines to meet growing demand for both metals. The congressional mining...