Copper Top Stories

Teck sells coal assets to Glencore, steelmakers for $8.9 billion

Under the deal, which still must be approved by regulators in Ottawa, Glencore is to pay $6.9 billion for 77% of Elk Valley Resources, Teck’s coal business.

Colin McClelland | November 14, 2023 | 4:33 am

Glencore ready to spin-off coal unit after sealing Teck buy

Glencore will merge Teck’s steelmaking coal business with its own…

Cecilia Jamasmie | November 14, 2023 | 4:03 am

Mineral Resources boosts stake in lithium miner Azure Minerals

Both MinRes and Hancock Prospecting have upped their stakes in…

Cecilia Jamasmie | November 14, 2023 | 3:42 am

China tightens grip on copper, key to world’s energy transition

China is in the midst of a breakneck expansion of…

Bloomberg News | November 13, 2023 | 1:12 pm

EU agrees mineral supply targets to cut reliance on China

The agreed rules set targets for the region to mine…

Reuters | November 13, 2023 | 11:06 am

Vale mulling base metals partnership, CEO says

Vale had announced last month a reorganization of its Brazil base metals business, which includes copper and nickel assets.

Reuters | October 28, 2022 | 10:10 am

Codelco profits slump 50% to September, cuts production target

Company said a "significant drop of 12% in the price of copper sales" compared to the previous year explained almost half of the drop in profits.

Reuters | October 28, 2022 | 9:38 am

Aurubis says metals sector targeted in cyberattack

The company’s shares fell as much as 4.2%.

Bloomberg News | October 28, 2022 | 8:07 am

Stellar copper demand from Chinese solar makers seen slowing in 2023 – CRU

European demand for the country's solar products has already started to cool.

Reuters | October 28, 2022 | 8:00 am

Vedanta profit drops 61% as metal prices fall, expenses surge

Total expenses surged 43%, with power and fuel charges nearly doubling.

Reuters | October 28, 2022 | 7:43 am

Chile’s copper production falls in September; industrial output also down

The country's statistics agency said the drop was due to lower-grade ore and less processing during the period.

Reuters | October 28, 2022 | 7:34 am

Glencore cuts zinc output guidance after production drops 18% in nine months

The forecast comes as the Ukraine war, strikes and floods hit production of five commodities mined by the company.

Reuters | October 28, 2022 | 5:31 am

Teck Resources hikes cost of QB2 copper project in Chile again

Quebrada Blanca phase 2 is now expected to cost $7.4bn to $7.75bn, up from a July guidance of $6.9bn to $7bn, and an earlier estimate of $4.7bn.

Cecilia Jamasmie | October 28, 2022 | 3:56 am

Grupo Mexico posts narrower quarterly profit as mining sales fall

Revenues stood at $3.12 billion, down 14.6% from the year-ago period and missing a Refinitiv forecast of $3.19 billion.

Reuters | October 27, 2022 | 6:14 pm

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