Peru’s 2024 copper target is realistic, mining magnates say

The LME benchmark tin price is by far the top gainer on the exchange this year.

Japanese trading houses Mitsui and Sumitomo have also been studying the assets, Bloomberg said.

CMM now pushing governments to bear the full responsibility of obtaining free, prior and informed consent from local communities.

On Tuesday, Codelco CEO said that the company made progress in negotiating with local communities over lithium mining.

Funds that specialize in metals have been more cautious than other speculators on the rally that sent copper prices to a 22-month peak this week.

The Biden administration is also pressuring neighboring Mexico to prohibit China from selling its metal products to the United States indirectly from there.

Russian RCC and Chinese firms have avoided taxes and skirted the impact of sanctions by trading in new copper wire rod disguised as scrap.

Chile’s Chuquicamata is a cautionary tale for an industry beset by rising costs and heightened regulatory scrutiny.

The opportunity lies in massive piles of Russian metal already sitting in the LME global warehouse network.