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Copper price soars even as future forecasts are gloomy
Copper once again approached the crucial $10,000-per-ton level on Tuesday amid bullish sentiment and renewed supply concerns in the world's most important producing region. Copper's rally, which has more than doubled in price from its all-time lows, has been fueled by...
Kumba iron ore production up 10% in Q1 2021
Anglo American, a leading global iron ore miner recently announced its quarterly results. Kumba's iron ore production increased 10% to 10.6 million tons in 1Q2021 compared to 9.6 million tons in 1Q2021. The increase in production was largely driven by improved plant...
Freeport beats its estimates on copper
Freeport-McMoRan Inc, the largest publicly traded copper miner, produced more than expected last quarter and raised its annual sales projection. The Phoenix-based company is planning a ramp-up of underground operations at its flagship Grasberg mine in Indonesia and is...
Plastics, Polynt composites price increases
Polynt Composites, an Italian company operating in the field of raw materials for the composites industry, has announced an increase of 400 euros/ton for all compounds. The decision was taken to balance the increase in raw material costs in Europe, as an effect of...