The prices of nickel They climbed to their highest level in more than a decade on Monday as low inventories, healthy demand from electric vehicle battery makers and concerns about supplies from Russia fueled buying, while copper was flat. Among other industrial metals, copper added 0.1% to $9,967 a tonne, aluminum gained 0.6% to $3,282 […]
Tag: copper
Mining exports reached US$ 36,698 million between January and November 2021
The last Mining Statistical Bulletin (BEM) of the Ministry of Energy and Mines (Minem) revealed that, between January and November 2021, the export of mining products reached US$ 36,698 million, making it the highest historical figure. This result also reflected an increase of 56.6% compared to the same period in 2020. In detail, copper shipments […]
Chile, world copper giant, saw its production fall 1.9% in 2021
The copper production in chili, the world’s largest producer of the metal, fell 0.6% year-on-year in December, accumulating a decline of 1.9% in all of 2021, according to figures released by the Government of that country. The National Institute of Statistics (INE) reported that the country added 503,605 tons in the last month of last […]
Shortage of inventories and slowing dollar boost copper
The prices of copper and the aluminum rose at the open this Friday, driven by the weakness of the dollar and the shortage of inventories. Investors, however, worried that central bank interest rate hikes could dampen growth and demand for metals. As reported by the Reuters agency, at 1100 GMT (06:00 am Peruvian time), three-month […]
They foresee a drop in the price of copper in 2022 due to an increase in supply and a rise in rates
A survey conducted by Reuters expects copper prices to decline in 2022 under pressure from weaker demand as rising interest rates it will slow economic growth while mines increase their supply. In May 2021, the red metal hit an all-time high of $10,747.50 a tonne, fueled by pent-up demand as growth accelerated as lockdowns eased […]
Average price of copper will be US$ 3.95 per pound this year, Cochilco forecasts
Updated on 01/27/2022 03:45 pm the state Chilean Copper Commission (Cochilco) affirmed that it maintains its projection for the price of copper for this year at US$ 3.95 per pound, in the midst of a moderate downward trend after the historical advance registered last year. Meanwhile, for 2023, it estimated an average price of US$ […]
Copper at opening on Friday, but seduces near US$ 10,000 per ton
The copper opened lower on Friday as risk aversion spread across financial markets and investors took advantage of taking profits after two days of rallying prices. As reported by the Reuters agency, at 12:30 GMT (07:30 am Peru time), the three-month red metal on the London Metal Exchange (LME) lost 0.7% to US $ 9,918 […]
Big copper companies look at Argentina again, says McEwen
Huge deposits and more favorable policies have made Argentina at a point of attraction lithium in recent years. Now the world industry copper has turned to look at the South American nation. That’s the view of Rob McEwen, whose namesake company is drilling a property in San Juan province, near the Chilean border. Called Los […]
World copper deficit could reach 6 million tons by 2030
Global demand for copper will exceed supply by more than 6 million tonnes by 2030, according to projections by Norwegian consultancy Rystad Energy. “A shortfall of this magnitude would have far-reaching ramifications for the energy transition, as there is currently no substitute for copper in electrical applications. Significant investment in copper mining is required to […]
Stable copper and nickel on the rise due to increased demand for electric vehicles
The copper in London it rose 0.3% to $ 9,681 per ton, at a start to the day marked by nickel prices, which were trading near their highest in more than two months. This was due to demand from the electric vehicle battery sector, which reduced stocks in authorized warehouses on the London Metal Exchange […]