He Central Reserve Bank of Peru (BCRP) it expects mining investment to fall by close to 20% this year, in a context where total private investment fell 8% towards the second quarter. Julio Velardehead of the issuing entity, recalls that the lack of large-scale projects affects this indicator, which in 2019 mobilized US$5,909 million and […]
Tag: copper
Chinese slowdown drags down global copper price
The global price of copper, Peru’s main export metal, is experiencing strong pressure these days that is keeping it at a five-week low, due to weak growth figures from China, a power that is increasingly decimated by indebtedness from his real estate. The price of the red metal remained at the close of its first […]
Global copper smelting activity slows in June, despite China’s strength
The global foundry activity copper fell in June, resuming a downward trend seen this year, satellite monitoring data from metal processing plants showed on Tuesday, even as activity in China rose to its highest level since January 2021. “Outside of China, foundry activity weakened from May in all regions except Asia and Oceania”, the commodities […]
Salar de Maricunga, is the water or lithium in the second largest reserve in the world
Located in the heart of the Atacama desert, in the foothills of the foothills that ascends to 6,000 meters of the impressive volcano “The Eyes of the Salty”on the border with Argentina, the Maricunga salt flat is one of many landscapes of Chili that takes your breath away for its beauty. A pristine space, only […]
Australian BHP to invest US$79 million in copper and silver project in Argentina
the australian miner bhp will invest US$79 million for the exploration and development of the Filo del Sol copper and silver project, in the northern Argentine province of San Juan, official sources reported on Tuesday. The disbursement plan was presented by company executives at a meeting in Buenos Aires with the Argentine Economy Minister and […]
Moquegua led mining investment in Peru in April 2023
He Ministry of Energy and Mines (Minem) reported that, as of the fourth month of the year, Moquegua ranked first in mining investment in the country, with an amount exceeding US$204 million, amounting to 17.5% of the total participation of US$1,170 million. Regarding copper mining production in April, Moquegua ranked third with 15.8%, with Anglo […]
Minem: Congo will not pass to Peru in the copper market
Despite the fact that shipments of Peruvian minerals fell 8% in the first quarter —0.7% in the case of copper—, the Ministry of Energy and Mines (Minem) assured that the progress of copper production in the Democratic Republic of the Congo (DRC) will not mean that our country loses the second place of global supplier […]
Glencore, Stellantis and Volkswagen support purchase of copper and nickel mines in Brazil
the miner Glencorethe Stellantis automotive group and PowerCo, the battery business of Volkswagenamong other firms, support an operation to acquire a copper and a nickel mine in Brazil, valued at US$ 1,000 million (930 million euros), Acquisition Company Limited (ACG) announced on Monday. That special purpose acquisition company (SPAC) has agreed to buy the Atlantic […]
Chile and France agree to promote investigations into the exploitation of copper and lithium
Chili and France signed this Thursday two memorandums of understanding to promote research projects for the “sustainable” exploitation of copper and lithiumagreements in which French companies and research centers meet with Chilean public actors. “Today we have finalized two agreements between French companies and the Government of France, with cochilco and ENAMI, who are going […]
Copper exports indicate that Chile is on a better path
Chile recorded a trade surplus of US$ 952 million in May amid a positive performance of shipments of copperthe Central Bank reported on Wednesday. In the fifth month of the year, the South American country exported a total of US$ 7,836 million, a drop of 10.8% compared to shipments in the same month of 2022. […]