The Chilean state Codelcothe world’s largest producer of coppersaid on Tuesday it had obtained The Copper Mark sustainability certification for its flagship mine The lieutenant. The company had reported at the beginning of last year that it would seek to obtain the seal for all its operations by the end of 2023 and that El […]
Tag: copper
BCRP: exports fell 14.5% in January due to lower shipments of mining products
During the first month of 2023, Peruvian exports reached US$4,695 million, which represents a 14.5% drop compared to January last year, when they totaled US$5,492 million, as reported by the Central Reserve Bank of Peru ( BCRP). This negative result is due to lower volumes of traditional products such as copper, gold, zinc and hydrocarbons. […]
Chile passes law allowing closure of controversial copper smelter
The Chilean Congress approved a law that allows the closure of the controversial Fundición Ventanas of the state-owned Corporación Nacional del Cobre (Codelco), a site that operates in the Quintero-Puchuncaví bay in the Valparaíso region and which has been involved along with other companies in the area in serious episodes of contamination and poisoning that […]
Profits of the Chilean mining company Antofogasta fell 39.4% in 2022
the miner Chilean antofagastaone of the largest in the world, reported this Tuesday that it registered in 2022 revenues of 5,862 million dollars and profits of 2,930 million dollars, which represents a drop compared to the previous year of 22% and 39.4%, respectively. The company explained in a statement that the 2022 result was influenced […]
Chile: National copper production fell 5.3% last year
Production reached 5.33 million tons. Codelco and Collahuasi recorded falls of -10.1% and -9.4%, respectively; while the Escondida mine advanced 4.2%. The copper production in Chile reached 5.33 million tons last year, which meant a year-on-year reduction of 5.3%. Only in December this indicator fell 0.5% in December to 495,800 tons, according to data from […]
Chilean copper production growth to slow this decade: report
The production Chilean of copper it will grow at a slower pace during this decade and will also require all projects in the pipeline to come to fruition, revealed a report by state news agency Cochilco seen by Reuters. The Chilean Copper Commission (Cochilco) recognized that although the forecast production for 2033 of 6.58 million […]
Codelco copper shipment for some US$ 4.4 million stolen in Chilean port
Chilean authorities said on Wednesday they were investigating the theft of a dozen containers of copper cargo worth some US$4.4 million from the Chilean port of San Antonio, which belonged to state-owned Codelco, the world’s largest producer of the metal. The mining company confirmed to Reuters that “it was a Codelco cargo that was delivered […]
The value of Peruvian copper exports fell 16.8% in October 2022
The Ministry of Energy and Mines (Minem) reported that the value of copper exports in October 2022 was US$1,438 million, a decline of 16.8% compared to the same month in 2021, when US$1,727 was reached. millions. Through the Mining Statistical Bulletin (BEM), the Minem attributed this discouraging scenario to the 28% decrease in the international […]
Goldman Sachs sees copper soaring above $11,000 a ton in 2023
This week, Goldman Sachs presented a bullish forecast for the copper market for 2023-24. The bank’s analysts expect the price to jump from the current US$8,500 to US$11,000 per tonne next year. Goldman Sachs’ good omens for the red metal also affect later seasons, with a thrilling forecast to break $12,000 a ton in 2024. […]
Copper and oil: will commodity prices continue to rise?
Rising prices and frenetic trading in natural resources in the middle of last year sparked buzz in the investment world. The copper, the ironthe oil and even, timber were affected by it, which caused talk of a possible “super cycle” after the recovery from the pandemic. According to Renta 4 SAB, the investments that various […]