Tag: Copper

Unusually large shipments of copper to the United States are unlikely to abate as long as the threat of tariffs hangs over the market and price premiums for the metal on US-based COMEX make deals profitable for traders and producers, analysts said.

US President Donald Trump’s threatened tariff on copper imports has generated a mass relocation of physical metal, swamping the US market and draining the rest of the world.

The Indian government is expected to argue that there is sufficient domestic supply of copper cathodes, and an adequate number of suppliers, as it prepares a response to a case on import curbs filed by two trade associations, two sources said.

Permitting for key mining projects across the United States will be expedited as part of a plan by President Donald Trump to boost critical minerals production.

Chile, the world’s largest producer of copper, is preparing to slash its official price estimate for 2025, the Wall Street Journal reported on Saturday.

Canadian miner The Metals Company said on Thursday it had formally initiated a process under the US Department of Commerce to apply for exploration licenses and permits to extract minerals from the ocean floor.

London-based Palliser Capital on Friday said a proxy advisory firm has advised Rio Tinto shareholders to vote in favour of the hedge fund’s resolution to re-evaluate the unification of Rio Tinto’s dual-listed structure at the miner’s annual general meeting.

First Quantum Minerals Ltd. was cleared to begin shipping out stockpiled copper in Panama, the latest sign authorities may be willing to negotiate a restart of the company’s giant shuttered mine.

Mercuria Energy Group Ltd. and Glencore Plc renewed a deal to buy copper from the Democratic Republic of Congo’s state miner, responding to a push by the company to sell its share of output from joint ventures independently.

The Chinese government is getting serious about constraining the blind expansion of copper smelters, although its new policy is likely to pause rather than stop development.

Anglo American (LON: AAL) expects its De Beers diamond business to record another impairment this year amid declining sales.

Copper miner Freeport-McMoRan posted a better-than-expected fourth-quarter profit on Thursday, as higher prices for the metal offset a drop in production in the company’s Indonesian operations.