Native American group seeks to overturn US court ruling on Rio’s Arizona copper mine If developed, the mine would supply more than a quarter of US copper demand for the renewable energy transition. Reuters | April 15, 2024 | 7:41 pm
Copper price at fresh high as satellite data shows sharp Chinese smelter cutbacks China’s Copper Smelter Purchase Team appears to be making good on promises of cutbacks with end-March inactivity at refiners jumping to 12.8% compared to 4.1% a year ago. Frik Els | April 15, 2024 | 5:42 pm
Antofagasta CEO foresees higher 2024 copper prices, plans growth at home The company also did not rule out the possibility of acquisitions, as long as they are in the Americas. Reuters | April 15, 2024 | 10:31 am
Peru economy grows more than expected in February on mining gains Larger copper, gold and molybdenum volumes boosted metals mining just over 17%, according to government statistics. Reuters | April 15, 2024 | 9:55 am
Metals whipsawed as sanctions on new Russian supplies rattle LME Aluminum jumped as much as 9.4% as the market opened, the most since the current form of the contract was launched in 1987. Bloomberg News | April 15, 2024 | 8:11 am
Global mining investment too low to support energy transition, Rio Tinto chairman says The amount of metals required for each kilowatt of generation capacity has risen by 50% since 2010, according to the IEA. Reuters | April 15, 2024 | 7:43 am
New metals sanctions push Russia further into China’s embrace The sanctions now leave the Shanghai Futures Exchange as the only major commodities bourse in the world to accept Russian shipments. Bloomberg News | April 15, 2024 | 7:01 am
OceanaGold gets initial approval for Philippine unit’s IPO Proceeds from the offering, as OceanaGold had disclosed, will be applied towards debt repayment. Staff Writer | April 15, 2024 | 6:41 am
Copper output at Codelco set to rise this year, CESCO says Codelco is aiming to produce between 1.325 million and 1.390 million metric tons of copper this year. Reuters | April 15, 2024 | 5:40 am