Molybdenum price in Europe hits record high

The company's first-half net income quadrupled year-on-year to $469.5 million.

Aurubis AG, one of the world’s largest copper smelters, terminated a provisional agreement to buy raw materials from Nussir after opposition from local indigenous groups.

Prime Minister Guido Bellido asked Congress on Thursday for legislative powers for the executive on tax matters.

There’s still time to prevent strikes at Cerro Colorado and Salvador, but the rhetoric suggests it will be a hard task.

The bill would slap a 3% royalty on sales of copper that would increase sharply alongside rising prices.

“Fundamentals remain intact and there will be growing copper demand ahead," Codelco chairman Juan Benavides said.

Peru's southern Andean region has large mines such as MMG's Las Bambas and Grupo Mexico's Los Chancas.

Union leader said BHP had used the regulatory issues it faces as an excuse to lowball workers with an inadequate contract proposal.

Indicators in the physical market suggest the country’s appetite for copper is picking up rapidly.