The costs of large copper mining in Chili maintained their upward trend in the first half of the year due to lower production and an increase in services, a report from the state Chilean Commission of the Copper (Cochilco). In its cost observatory for the first semester, the agency indicated that the direct cost reached […]
Tag: copper
Peruvian copper exports soared 32% in July due to greater dynamism of the Chinese economy
He Ministry of Energy and Mines (Minem) reported that the value of metallic and non-metallic mining shipments totaled US$3,492 million, a notable increase of 23% compared to what was reported in July 2022 (US$2,839 million). Copper (+31.6%) led the way. The August Mining Statistical Bulletin (BEM) points out that this result was supported by China’s […]
Copper production grew 7.5% in August: gold, iron, tin, zinc and lead also rose
The production of copper led the progress of most metals in our country in the month of August and advanced 7.5% compared to the same month of the previous year, reported the Ministry of Energy and Mines (Minem). The Mining Statistical Bulletin (BEM) for the month in question indicates that the year-on-year increases were especially […]
Strong Chinese demand supports copper prices and boosts local aluminum prices
Demand for copper and aluminum in China has been surprisingly strong despite the country’s real estate crisis, driven by orders from the home appliance, electric vehicle, solar and wind sectors. This has helped support otherwise weak copper prices around the world, and pushed up aluminum prices in the world’s largest consumer of metals, according to […]
Copper production in Peru will not be affected by El Niño
The phenomenon of The boy It should not affect copper production in Peru, according to a global supplier only after Chile, declared the president of the National Society of Mining, Petroleum and Energy (SNMPE), Víctor Gobitz, during his participation in Perumin 36. During the event held in Arequipa, the president and general manager of Antamina […]
Peru has the copper that the world needs for the energy transition
Copper is a critical resource. In the medium term, the demand for this mineral will grow exponentially. Today, global mining production amounts to 12 million tons. By 2035, demand will probably double. This raw material is used to manufacture electric cars, panels that capture energy from the sun, etc. There is a decarbonization of the […]
Pan American Silver completes the sale to Glencore of its stake in an Argentine mine
The Canadian mining company Pan American Silver reported this Monday that it has completed the sale to the Swiss company Glencore of its 56.25% stake in the mining project of copper and gold MARA, in the northern Argentine province of Catamarca. Pan American Silver said in a statement that Glencore paid it $475 million in […]
Global copper smelter stabilizes in August despite rebound in China
The global foundry activity copper remained practically stable in August, with a rebound in China, The top refinery producer, offset by weak measures elsewhere, data from satellite monitoring of oil processing plants showed on Tuesday. metals. Only four of the 37 primary smelters being monitored in China were idle at the end of last month, […]
Chile’s Codelco cedes 24,000 hectares to newly created glacier park
The state copper company Codelco will give up 24,000 hectares of mining concessions that it owns in the Andes Mountains, around the Chilean capital, for a recently created park of glaciersannounced Monday the chairman of the board. In mid-August, the government published the creation of the Santiago Glaciers National Park, which seeks to protect 368 […]
Copper gains ground after China’s measures to support the real estate market
The prices of copper were higher on Tuesday as funds trimmed their bets to the downside after China – the world’s top consumer of industrial metals – took steps to boost its housing and stock markets ahead of manufacturing data. The reference copper in the London Metal Exchange (LME) it was up 0.9% at $8,428 […]