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 […]
Tag: copper
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 […]
Copper resumes rally despite announcements from China to cool record coal prices
The copper and other base metals resumed their rally on Wednesday amid the falling dollar and fears that the global energy crisis could affect already weakened inventories, Reuters reported. At 16.10 GMT, three-month copper on the London Metal Exchange (LME) it rose 0.5% to $ 10,193 a tonne after earlier falling to $ 9,908.50 after […]
Copper relativizes its rise, while gold rises in the face of inflationary pressures
The prices copper continues to rise and is close to hitting record highs due to the global decline generated by the world energy crisis and that is already beginning to touch exporting countries such as Chile and Peru. Thus, for the seventh day in a row, the red metal futures rose in the Chicago Stock […]
Copper loses from energy crisis, while gold gains from inflationary fears
Copper prices were trading down on Tuesday, October 12 as rising energy costs raised concerns that the global economic recovery would be derailed, with stock market declines, but the decline was contained by signs of a lower offer. The red metal at three months in the London Metal Exchange (LME) was down 0.4% to $ […]