Iran Commits to $15 Billion Investment to Boost Copper Output
The country targets to raise the production of the strategic metal from the current levels of 280,000 tonnes of copper cathodes per year to more than 1 million tonnes. SEATTLE…
The Copper Shortage is Getting Real
Even now, despite concerns about a global recession, the balance of demand and supply remains tight. SEATTLE (Scrap Monster): Over the last several years, many analysts and mining experts have been…
ICSG Posted Deficit Copper Market Till End-October This Year
The world refined copper output increased modestly by 2.6% during the initial ten-month period in 2022. SEATTLE (Scrap Monster): The preliminary data for world copper supply and demand for the month…
CODELCO Announced Short Term Optimization Strategy
Alongside, it seeks increased investments in renovation and maintenance of infrastructure; mining developments and environmental and community commitments. SEATTLE (Scrap Monster): CODELCO- the leading Chilean state-owned copper mining company announced new…
Copper price rises on hopes for better demand in 2023
Copper December 24, 2022 01:37:59 PM The copper price rose on Friday as low inventories and hopes for economic recovery next year offset a slackening in near-term demand in China…
ICSG Announced Copper Supply and Demand Statistics for Ten-Year Period
The world copper mine production rose significantly from 16.7 million metric tonnes (Mt) in 2012 to 21.1 Mt in 2021. SEATTLE (Scrap Monster): The International Copper Study Group (ICSG) announced publication…
Anglo American Downsized Copper Production Target for 2023
The miner foresees 3% dip in overall output in 2022. SEATTLE (Scrap Monster): Anglo American plc. cut its copper output target for 2023, citing deteriorating ore grades at its mines in…
CODELCO to Cut Refined Copper Shipments in 2023
It must be noted that Codelco had lowered its 2022 output targets in October, for the second time in three months. SEATTLE (Scrap Monster): Chilean state-owned mining giant Codelco announced plans…
Codelco Set to Cut Refined Copper Shipments Next Year
Copper November 24, 2022 04:33:48 AM It must be noted that Codelco had lowered its 2022 output targets in October, for the second time in three months. SEATTLE (Scrap Monster): Chilean…
Global Copper Metal Market Ended in Deficit in Jan-Sep ‘22
The LME stocks of the metal edged higher by 48kt at the end of September this year, as compared with end-2021. SEATTLE (Scrap Monster): The World Bureau of Metal Statistics (WBMS),…
Codelco Profits Plunged, 2022 Production Target Reduced
The press release issued by Codelco noted that the dip in accumulated production was mainly due to reduction in grade ore at its Ministro Hales division, attributed to a change…
ICSG Announced Publication of World Copper Factbook 2022
The refined copper usage totalled 25.3 million tonnes in 2021. SEATTLE (Scrap Monster): The International Copper Study Group (ICSG) announced publication of ‘The World Copper Factbook 2022’, which provides deep insights…
ICSG Released World Copper Factbook 2022
The refined copper usage totalled 25.3 million tonnes in 2021. SEATTLE (Scrap Monster): The International Copper Study Group (ICSG) announced publication of ‘The World Copper Factbook 2022’, which provides deep insights…
Copper buyers want longer-term deals on supply concerns, Codelco says
Copper buyers are so worried about future availability of the metal that they’re seeking to secure longer-term deals than normal, according to top miner Codelco. Copper buyers are so worried…
Copper price down as China’s yuan falls to lowest since 2008
Copper prices fell on Monday as investors worried about the pace of economic growth in China and the yuan fell to its weakest versus the dollar since 2008, making dollar-priced…
ICSG Published Copper Market Forecast for 2022 and 2023
ICSG expects the global copper market to see a deficit of around 325,000t in 2022 and a surplus of nearly 155,000t in 2023. SEATTLE (Scrap Monster): The International Copper Study Group…
Wieland to Invest in State-of-the-Art Copper Recycling Center
The new German facility is expected to commence operations in early-2025. SEATTLE (Scrap Monster): Wieland announced investment of €80 million in a new state-of-the-art copper recycling center at its existing primary…
Wieland Announced Investment in New Copper Recycling Facility
The new German facility is expected to commence operations in early-2025. SEATTLE (Scrap Monster): Wieland announced investment of €80 million in a new state-of-the-art copper recycling center at its existing primary…
Rio Tinto Announced Output Expansion at Kennecott Copper Operations
The investment will help Rio Tinto to quickly bring additional volumes of high quality copper to the market and build its knowledge and capabilities. SEATTLE (Scrap Monster): Leading global mining group…
World Copper Market Ended in Deficit Till July 2022
The reported copper metal stock stood higher by 47 kt at the end of July 2022, when compared with end-December 2021 levels. SEATTLE (Scrap Monster): The trade statistics published by the…