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Nornickel says new Western sanctions raise risk of metals market disruption

Nornickel intends to remain a "reliable supplier of products" and will continue to fulfil all its contractual obligations, said the company.

Reuters | April 16, 2024 | 5:40 am

Barrick’s gold production continues to trail estimates

The miner reported total preliminary output of 940,000 ounces of gold and 40,000 tonnes of copper in the three months ended March 31.

Reuters | April 16, 2024 | 5:27 am

Codelco eyes partnerships to help boost ailing copper production

The company expects “some conclusions” this year from negotiating an operational tie-up between its Andina mine and Anglo American's adjoining Los Bronces.

Bloomberg News | April 15, 2024 | 8:05 pm

Native American group seeks to overturn US court ruling on Rio’s Arizona copper mine

If developed, the mine would supply more than a quarter of US copper demand for the renewable energy transition.

Reuters | April 15, 2024 | 7:41 pm

Copper price at fresh high as satellite data shows sharp Chinese smelter cutbacks

China’s Copper Smelter Purchase Team appears to be making good on promises of cutbacks with end-March inactivity at refiners jumping to 12.8% compared to 4.1% a year ago.

Frik Els | April 15, 2024 | 5:42 pm

Antofagasta CEO foresees higher 2024 copper prices, plans growth at home

The company also did not rule out the possibility of acquisitions, as long as they are in the Americas.

Reuters | April 15, 2024 | 10:31 am

Peru economy grows more than expected in February on mining gains

Larger copper, gold and molybdenum volumes boosted metals mining just over 17%, according to government statistics.

Reuters | April 15, 2024 | 9:55 am

Metals whipsawed as sanctions on new Russian supplies rattle LME

Aluminum jumped as much as 9.4% as the market opened, the most since the current form of the contract was launched in 1987.

Bloomberg News | April 15, 2024 | 8:11 am

Global mining investment too low to support energy transition, Rio Tinto chairman says

The amount of metals required for each kilowatt of generation capacity has risen by 50% since 2010, according to the IEA.

Reuters | April 15, 2024 | 7:43 am

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LME approves Saudi port as warehouse delivery point

BHP’s Spence copper mine in Chile now fully autonomous

Peru 2024 GDP growth should surpass 3.1%, president says

Teck draws M&A attention from big miners in rush for copper

Codelco says output falls 8% in first half of 2024

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