Copper

Due to the high Australian dollar and low molybdenum prices, Moly Mines says the Spinifex Ridge molybdenum/copper project is sub-economic and the company won't be developing it.

Prices of copper on the LME fell on Wednesday after poor housing data in the US raised concerns that demand for the metal could wane

The Atlantic profiles Christmas light recyclers, a job that moved to China when the environmental restrictions in the U.S. became too onerous.

Outotec has come up with two new roasting processes for eliminating impurities from copper and gold concentrates.

An unprecedented crackdown on corruption in India's mining industry, led by the Supreme Court and state-level agencies such as Karnataka's Lokayukta, coupled with rigorous enforcement of environmental norms is resulting in collateral damage to the economy, with plunging mining output leading to a fall in industrial production and GDP growth.

FLSmidth has been awarded a contract worth approximately USD 105m (approximately DKK 600m) from the Mongolian company, Mongolyn Alt (MAK) Group, to supply a greenfield copper concentrator for a mine some 500 kilometres from the capital city Ulaanbaatar, Mongolia.

Betting that copper prices would rise, Barclays Capital traders lost tens of millions of dollars, sources say, the bank said the losses were not "big" and that there was no "abnormal" trade.

A major Canadian bank is predicting better months ahead for copper and oil.

Conventional copper mining involves removing ore from the ground, then crushing and treating it to remove the minerals trapped in the rock.