Updated on 07/01/2022 09:21 am The value of Chilean copper exports rose in December amid the strong performance of global copper prices, the Central Bank of Chile reported. The valuation of shipments of the red metal rose 21.9% year-on-year to US $ 4.914 million in the twelfth month, while in 2021 it reached a total […]
Tag: copper
Copper falls this Thursday due to new rates in the US and expansion of the omicron variant
The price of industrial metals, such as copper, fell on Thursday after minutes from the Federal Reserve’s December meeting indicated that interest rates could rise faster than expected, reducing risk appetite. As reported by Reuters at 1.00 pm GMT on Thursday, 08.00 am Peruvian time, benchmark copper on the London Metal Exchange (LME) fell 1.45%, […]
Chile’s thirsty copper mines to increase seawater use
Updated on 06/01/2022 04:32 am There is a glimmer of hope in a new report that predicts an increase in water use by Chile’s huge copper industry: most of it will come from the sea rather than reducing inland supplies. While the mines at the largest copper producer are looking for ways to use less […]
Las Bambas: how much is the investment of the mining company?
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 […]
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 […]