Tag: Copper

Freeport-McMoRan (NYSE: FCX) shares sank Tuesday after the company suspended operations at its Grasberg Block Cave underground mine in Indonesia, where a surge of wet material blocked access routes and left seven workers trapped underground.

Copper prices rose on Friday, putting the metal on track for a fourth straight weekly gain, as upbeat economic signals from the U.S. and China buoyed demand expectations.

Despite encouragement from Trump administration officials, the company behind the controversial Pebble mine in Alaska hasn’t yet submitted a revised proposal that could unblock the stalled copper-gold project.

August 25, 2025 – Coeur d’Alene, Idaho — Americas Gold & Silver Corporation (TSX: USA; NYSE American: USAS) announced that recent drilling at its Galena Complex in Idaho has intersected exceptionally high-grade silver mineralization, marking one of the strongest exploration results from the historic mine in recent years.

Goldman Sachs Group Inc.’s salespeople were recommending their hedge fund clients bet on a surge in US copper prices just a day before US President Donald Trump’s tariff decision sent the market crashing by the most on record.

Northern Dynasty Minerals (TSX: NDM; NYSE-A: NAK) says it has filed a motion in Alaska’s federal district court seeking a summary judgment briefing schedule with respect to its pending litigation over the veto of its flagship mine project during the Biden Administration.

US President Donald Trump’s promised 50% copper tariffs are set to include all refined metal, indicating the president’s far-reaching efforts to bolster American production of one of the world’s most ubiquitous materials.

Australian miner South32 (NYSE: SOUHY, ASX: S32) has agreed to sell its Cerro Matoso ferronickel mine in Colombia in a deal worth up to $100 million.

Roadblocks by informal miners are disrupting transport of copper from some mines in Peru, including those owned by MMG Ltd. and Hudbay Minerals Inc., said people briefed on the matter.

Karelian Diamond Resources (AIM: KDR) says it has identified a “significant new copper target” within the recently awarded KDR4 licence area in Northern Ireland.

The collective scramble to move as much physical copper as possible to the US before the imposition of import tariffs is creating shortages in the rest of the world.

June 9, 2025 – Toronto, ON — Shares of Generation Mining Ltd. (TSX: GENM) surged today, nearing a two-year high, after receiving a significant endorsement from the Ontario government that could fast-track development of its flagship Marathon Palladium-Copper Project in northwestern Ontario.