Copper price back below $9,000 on weak China industrial activity

Metal price was also impacted by the rise in oil prices and fears about inflation and higher interest rates in the US.

MINING.COM Staff Writer | April 3, 2023 | 8:12 am

Sumitomo Metal plans 11% cut in full-year copper output

The decline comes as it plans to conduct two-month maintenance at its Toyo Smelter & Refinery in Ehime, western Japan.

Reuters | April 3, 2023 | 7:39 am

Chile economy contracts more than expected on mining drop

Mining activity tumbled 3.1% in February from the previous month.

Bloomberg News | April 3, 2023 | 7:05 am

Teck rejects unsolicited $23bn takeover bid from Glencore

Teck Resources is instead urging shareholders to approve an already announced separation of Teck Metals and Elk Valley Resources.

Cecilia Jamasmie | April 3, 2023 | 4:03 am

Australia’s energy storage capacity needs 10-fold increase by 2050 – report

Rapidly rising energy demand spurred by the ongoing electrification of building and transport industries requires that Australia grows its energy storage capacity at least 10-fold by 2050.

Valentina Ruiz Leotaud | April 2, 2023 | 1:11 pm

Barrick Gold replaces gold reserves, remains on track to execute 10-year business plan

Barrick Gold’s executive chairman John Thornton said the company more than replaced the gold reserves it mined in 2022.

Staff Writer | April 2, 2023 | 10:38 am

Copper ore analyses reveal deep connections between ancient African civilizations

Copper artifacts revealed new cultural connections among people living in northern South Africa and the Copperbelt region between the 5th and 20th centuries.

Staff Writer | April 2, 2023 | 7:48 am