The US Geological Survey reports supply from copper mines in 2023 amounted to only 22 million tonnes. If the copper supply doesn’t grow this year, we are looking at a 6Mt deficit.

A passenger train on a test run by Chile's state rail operator collided with a private cargo train carrying about 1,346 metric tons of copper on Thursday.

The mining giant sees the potential to expand production capacity to about 500,000 tons of copper by 2028 mainly through improvements to its Salobo and Sossego mines in Brazil.

China has ramped up imports of copper scrap as smelters seek alternative raw materials to offset tight supplies of mined ore.

The copper producer has appointed Toralf Haag as its new chief executive.

Australia said it would provide A$2 million ($1.33 million) to Papua New Guinea to restore road access to the Porgera gold mine.

Vale sees potential copper output in 2026 between 387,000 tonnes and 424,000 tonnes.

The southern African nation, one of the top crude producers on the continent, has become a focus for the US in its campaign to secure critical minerals such as copper as it competes against China.