Mining-focused buyout firm Appian raises $2 billion for new fund “This is the first fundraising we have done where mining is seen as part of the solution than being the problem itself,” says founder. Bloomberg News | October 9, 2023 | 9:14 am
Codelco 2024 copper premium offer matches 2023’s record $234/t for European customers Russia was previously a major supplier of copper to the European Union. Reuters | October 9, 2023 | 9:06 am
Metal trader misery undercuts supercycle hype as losses pile up The world’s metal traders are enduring one of their toughest periods in years. Bloomberg News | October 8, 2023 | 11:35 am
Electric vehicles are fueling Indonesia’s green IPO boom In a country blessed with natural resources, the vast bulk of IPOs this year came from expansion-minded metals companies. Bloomberg News | October 6, 2023 | 2:03 pm
Copper Study Group expects big supply surplus in 2024 Production is forecast to exceed usage by 467,000 metric tons in 2024, a significant upward revision from the expected 297,000 metric ton surplus from April. Reuters | October 6, 2023 | 11:54 am
China’s grip on germanium gets challenged by new Congo plant China restricted exports of the metal in August amid an escalation of trade war on technology with the US and Europe. Bloomberg News | October 6, 2023 | 9:28 am
Codelco announces leadership shakeup, outgoing CFO to play key lithium role Alejandro Rivera has been closely involved with Codelco's lithium strategy for years. Reuters | October 6, 2023 | 9:25 am
Pan Pacific sees 0.3% rise in H2 consigned copper output y/y PPC plans to consign production of 291,900 metric tons of refined copper to its parent firms' smelters. Reuters | October 6, 2023 | 8:02 am
Codelco reassessing costs of projects to upgrade mines Chairman Pacheco also said the company would maintain capital spending next year at $4 billion, roughly in line with 2023. Reuters | October 6, 2023 | 7:47 am
