Sprott says new copper fund too small to pose market risk The Sprott Physical Copper Trust, which began trading in June, holds more than 10,000 metric tons of copper in warehouses mostly in Asia. Bloomberg News | July 10, 2024 | 9:47 am
Codelco’s copper output edges up in May Codelco produced 111,700 metric tons of copper in May, up a slight 0.7% from a year earlier. Reuters | July 10, 2024 | 7:19 am
CMOC to double copper output at Congo mines to 1 million tonnes by 2028 The Chinese miner produced about 420,000 tonnes of copper in 2023. Reuters | July 10, 2024 | 7:17 am
Nexa Resources in talks to sell Peru copper project The Latin America-focused miner has confirmed ongoing negotiations linked to a possible sale of the $655 million Pukaqaqa project. Cecilia Jamasmie | July 10, 2024 | 4:02 am
Mining’s top 50 companies: two more lithium stocks drop out The world’s 50 biggest miners gained a combined $42 billion during Q2, but the ranks of lithium stocks in the top tier have halved as valuations plummet. Frik Els | July 9, 2024 | 5:47 pm
Barrick taps Fleet Space’s technology to advance copper exploration at Reko Diq Reko Diq is a strategic part of Barrick’s copper portfolio as it grows its exposure to the key energy transition metal. Staff Writer | July 9, 2024 | 11:29 am
China’s Plenum promises cues for commodity bulls and bears There’s a view that China is likely to provide more support for its economic recovery. Bloomberg News | July 9, 2024 | 9:55 am
Conflict in Congo threatens trade in key metals, UN experts say Companies buying metal sourced from central Africa could be exposing themselves to United Nations sanctions. Bloomberg News | July 9, 2024 | 7:34 am
Codelco eyes 10% stake in Teck’s Quebrada Blanca copper mine Codelco values the interest in Quebrada Blanca, currently held by Chilean state mining firm Enami, at about $500 million. Cecilia Jamasmie | July 9, 2024 | 5:47 am
