Russia and China trade new copper disguised as scrap to skirt taxes, sanctions

Russian RCC and Chinese firms have avoided taxes and skirted the impact of sanctions by trading in new copper wire rod disguised as scrap.

Reuters | April 17, 2024 | 8:25 am

Aging copper mines are turning into money pits despite demand

Chile’s Chuquicamata is a cautionary tale for an industry beset by rising costs and heightened regulatory scrutiny.

Bloomberg Opinion | April 17, 2024 | 8:08 am

Aurubis to grow organically rather than through deals, CEO says

The $700 million facility will have an initial capacity of 90,000 metric tons per year.

Reuters | April 17, 2024 | 6:58 am

Traders are already gaming the new Russian metal sanctions

The opportunity lies in massive piles of Russian metal already sitting in the LME global warehouse network.

Bloomberg News | April 17, 2024 | 6:06 am

Gold, copper-infused device quickly detects bacteria responsible for food poisoning

The new gold-copper-infused device is expected to be a game-changer when it comes to the shipment of food and pharmaceutical products.

Staff Writer | April 17, 2024 | 6:06 am

Zambia copper mines hit by state utility’s warning of power cuts

The southern African nation, which relies on hydropower for 85% of its electricity generation, is experiencing rolling blackouts amid an ongoing drought.

Bloomberg News | April 17, 2024 | 5:29 am

Antofagasta’s Q1 copper output down 11% yr/yr

The company reiterated that it expects output in 2024 of between 670,000 and 710,000 tons.

Reuters | April 17, 2024 | 5:19 am

Rio Tinto to favour development over acquisition of copper mines — exec

Copper boss Bold Baatar says Rio's goal of producing 1 million tonnes of the metal annually within the next five years will be achieved through organic growth.

MINING.COM Editor | April 17, 2024 | 3:49 am

Vale’s iron ore output up 6% in first quarter, sales jump

Vale's iron ore output in the first three months of the year totaled 70.84 million metric tons.

Reuters | April 16, 2024 | 4:52 pm

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Anglo American rejects BHP’s third bid, extends deadline

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