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Copper Industry News

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Aluminum Beating Copper as Supply-Demand Flips: Chart of the Day
Wed, 30 Jul 2014 08:47:25 +0100
Aluminums shift into a supply shortage means prices will climb to the highest versus copper since 2009, according to Natixis SA.

Commodities Buzz: Antofagasta Group Copper Production Increases 5.5% ...
Wed, 30 Jul 2014 07:54:19 +0100
Antofagasta has come up with its production report for the period ending Q2 2014. As per the report group copper production in Q2 2014 was 178,800 tonnes, a 5.5% increase compared with the previous quarter, principally due to higher plant throughput levels in Q2 following scheduled maintenance at Los Pelambres and Esperanza in the first quarter.

Antofagasta posts higher quarterly copper output
Wed, 30 Jul 2014 07:47:13 +0100
Chilean miner Antofagasta (LSE: ANTO.L - news) posted a 5 percent quarter-on-quarter increase in its second-quarter copper output, slightly ahead of forecast, as it ramped up production after maintenance dented its first-quarter output. The London-listed miner, which like others in the copper sector is battling declining ore grades, rising costs and weak metal prices, produced 178,800 tonnes of ...

Column-lme Warehousing; All Change Or No Change Andy Home
Tue, 29 Jul 2014 13:45:01 +0100
On the surface at least, much has changed in the London Metal Exchange (LME) warehousing business over the past year. What the LME has done is add three new delivery locations, extending its global warehousing network to Kaohsiung in Taiwan, Moerdijk in the Netherlands and, for copper only, Panama City in the United States. Not yet revealed are the results of logistics and legal reviews of the ...

Aluminium gains industrial lustre
Tue, 29 Jul 2014 08:46:35 +0100
The surge in the price of copper makes the much cheaper aluminium a more economical substitute for electrical wire and cable production

Copper weighed by rising output, economic data awaited
Tue, 29 Jul 2014 04:50:00 +0100
LONDON: Copper prices slipped on Tuesday, as prospects of growing supplies overshadowed encouraging signs of health in the global economy, while zinc hovered at three-year highs on expectations of a tightening market. Three-month copper on the London Metal ...

Copper Rises on Speculation Increasing Auto Sales Boost Demand
Tue, 29 Jul 2014 03:41:49 +0100
Copper climbed for the first time in three days on speculation that an increase in auto sales globally will boost demand. Nickel gained.

LME ASIAN WRAP: Copper stays over $7,100 ahead of Fed policy meeting
Tue, 29 Jul 2014 02:08:00 +0100
The London Metal Exchange copper price saw limited declines during Asian morning trading on Tuesday July 29 as China eased regulations on home purchases and investors awaited cues from the US Federal Reserve. At 03:30 London time, the three-month copper ...

Copper rod producers set to benefit as Russian cathode exports restart
Mon, 28 Jul 2014 11:00:00 +0100
Copper rod producers in Europe could benefit from stronger sales to the Middle East as Russia lifts a 10% duty on copper cathode exports, market sources told Metal Bulletin. The Russian government is set to lift the levy next month, in a move that looks ...

BHP plans 3-year Olympic Dam process trial from late 2016
Mon, 28 Jul 2014 03:42:25 +0100
BHP Billiton (NYSE: BBL - news) plans to run a three-year trial of a potentially cheaper way of processing copper and uranium from its massive Olympic Dam mine in Australia from late 2016, it said on Monday. The proposal is BHP's first indication of expansion plans for Olympic Dam since it shelved a $20 billion plan to dig an open-pit mine to quadruple output in 2012 due to soaring costs and ...

Kathleen Turner: Copper soles cured my arthritis agony
Mon, 28 Jul 2014 01:00:28 +0100
HOLLYWOOD star Kathleen Turner has described how 30 copper soles helped her defeat arthritis after the condition drove her to drink.

Copper Holds Losses as Freeport Set to Resume Indonesia Exports
Sun, 27 Jul 2014 21:00:00 +0100
Copper dropped for a second day after Freeport-McMoRan Inc. received approval from Indonesia to resume exports from its Grasberg mine. The metal for delivery in three months fell as much as 0.5 percent to $7,090 a metric ton on the London Metal Exchange ...

Chile's Collahuasi copper mine restarts operations after stoppage
Sat, 26 Jul 2014 21:21:30 +0100
Chile's massive Collahuasi copper mine has resumed operations following a temporary work stoppage, the company said on Saturday. Workers at Collahuasi, one of the world's largest copper mines, had called for the temporary work stoppage after one of their colleagues died, possibly from infection. "Operations are normal following this morning's delay, which was due to the company's decision to ...

Copper miners at Chile's Collahuasi strike after worker dies
Sat, 26 Jul 2014 14:45:29 +0100
Workers at Chile's Collahuasi copper went on strike on Saturday after one of their colleagues died, a union chief told Reuters on Saturday. Morning-shift workers scheduled to head up to the mine, perched ...

Copper Prices Dip on Indonesian Supply News, Supported by Chinese ...
Sat, 26 Jul 2014 04:47:00 +0100
Reuters reported today that copper prices slipped slightly on news that Freeport-McMoRan Inc. (NYSE:FCX) had signed a deal with the Indonesian government. Prices were still supported by strong economic data from China, according to Reuters. As quoted in ...

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