The mining company The Bambas officially restarted all its operations in Apurímac for today, Monday, January 3, 2022, according to an update note sent to the Hong Kong Stock Exchange, where it is listed. “As of December 31, 2021, The Bambas It has begun to progressively restore mining, production and the normal operation of concentrate […]
Tag: copper
China: copper hits month-long highs after omicron variant fears eased
The prices of the copper in China they reached a one-month high on Tuesday, helped by fewer concerns about the impact of the omicron variant of the coronavirus and hopes that a monetary policy that supports economic growth in the world’s main consumer of metals will continue. According to Reuters, the February copper contract, the […]
Copper prices fall as inventory rises undercut aluminum prices
The copper traded with losses this Tuesday, December 14, while aluminum fell due to the increase in inventories in warehouses registered on the London Metal Exchange (LME). As reported by Reuters, aluminum losses at the end of the day were limited by expectations of strong demand and tight supplies from the main producer, China. Along […]
Chinese copper imports in November hit their highest level since March
Updated on 07/12/2021 05:25 pm Chinese copper imports rose 24.3% in November from the previous month and reached their highest level since March, at 510,402 tonnes, customs data showed on Tuesday, as demand rose on the relief of power shortages that industrial production had declined. However, inflows of raw copper and products in the world’s […]
Cochilco slightly improves copper price projection for 2021
Updated on 11/30/2021 09:54 am The state-run Chilean Copper Commission (Cochilco) announced that it slightly raised its forecast for the price of copper for this year to US $ 4.23 per pound, supported by the rebound that the metal has experienced this year. In September, the entity had forecast a price of US $ 4.20 […]
Minera Antofagasta says it looks with “concern” at uncertainty and political polarization in Chile
Updated on 11/20/2021 12:12 pm The Chilean Antofagasta, one of the world’s largest producers of copper, looks with “concern” at the increase in uncertainty and polarization in the South American country, which on Sunday will host a presidential election marked by extreme positions at a time that also drafts a new Constitution. In an interview […]
Copper, earthquakes and inequality, what you need to know about Chile
Considered for decades an example of stability and growth in Latin America, Chile It has become a whirlpool of political instability since the social protests of October 2019 and is looking this Sunday for a new president to calm the waters. Some 15 million voters out of a population of 19 million are called to […]
Copper production grew 10.9% in the first nine months of the year
According to the Ministry of Energy and Mines (MINEM), through Mining Statistical Bulletin (WELL), national copper production grew 10.9% between January and September, compared to the same period last year. While in 2020 the production of the red metal reached the figure of 1,514,058 fine metric tons, in the first months of the year it […]
Commodities: copper and gold fall against the strength of the dollar due to energy and inflation crisis
The prices of the commodities Miners such as copper and gold fell back at the start of operations on Tuesday, October 26, due to financial and resource expectations. Thus, the prices of red metal fell burdened by a firmer dollar and fear that a energy crisis and slower economic growth in China, the main consumer […]
Chile, the world’s leading copper producer, opens a large mining fair
The Expomin fair, one of the main mining meetings in Latin America, started this Monday in Chile, the country that produces the most copper in the world, at a time when the industry faces new challenges in environmental matters and just when the price of the red metal suffers swings. More ecological loading equipment, remote […]