Nearby copper price hit by weak China demand, warehouse surplus Industry sources say the reason behind record high contangos is climbing costs of financing metals fuelled by higher interest rates. Reuters | July 11, 2024 | 9:43 am
Zambia says China’s JCHX will invest $300m in Lubambe copper mine Some of the investment will go toward sinking a new shaft at Lubambe over the next two to five years. Reuters | July 11, 2024 | 7:55 am
Mining vs AI: What’s wrong with this picture? As the saying from mid-19th century California goes, during a gold rush the easiest way to get rich is selling shovels and picks. Frik Els | July 10, 2024 | 6:15 pm
Mexico mining investment seen stable at $5 billion in 2024, says industry group The 2023 investment level fell 5.8% from the previous year to $4.96 billion. Reuters | July 10, 2024 | 3:01 pm
Column: China’s refined copper imports remain surprisingly strong China once again holds the key to copper's fortunes as the market waits for the world's largest buyer to shake off its property woes. Reuters | July 10, 2024 | 2:04 pm
Gatos Silver soars on record quarterly zinc production Gatos had production of 2.3 million oz. of silver, 19.1 million lb. of zinc and 12 million lb. of lead in Q2 2024. Staff Writer | July 10, 2024 | 11:42 am
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
