Copper industry news - latest copper prices - world reports.

Copper Industry News

Copper metal - newsfeed and latest world Cu reports

Codelco output rises but lower copper price eats into profit
Fri, 29 Aug 2014 09:11:00 +0100
Codelco produced 788,000 tonnes of copper in the January to June period, it said on Friday, a 4 percent rise from 2013. Improved ore grades and volumes at century-old Chuquicamata boosted production 26,000 tonnes, while new mine Ministro Hales contributed ...

Chile copper production seen reaching 6.3 mln tonnes in 2015 - SONAMI ...
Fri, 29 Aug 2014 01:30:00 +0100
World No. 1 copper producer Chile is seen boosting its output of the red metal to a record 6.3 million tonnes in 2015, despite an economic slowdown, the head of the influential SONAMI mining association ...

Copper prices suffer steep falls
Fri, 29 Aug 2014 00:03:41 +0100
COPPER prices have suffered their steepest falls innearly four months on worries that there will be weak demand for the metal in the coming months.

Copper hit by Ukraine tensions, aluminium nearby supply tightens
Thu, 28 Aug 2014 17:24:43 +0100
LONDON: Copper prices fell on Thursday, under pressure from escalating tensions in Ukraine and worse-than-expected euro zone economic sentiment, while falls in aluminium prices were kept in check by tightening availability of near-term supplies.

LME OFFICIALS: Copper prices edge down in thin trading
Thu, 28 Aug 2014 12:41:00 +0100
Copper prices were down slightly during the official session on the London Metal Exchange on Thursday August 28, on thin trading and falling Chinese industrial profit growth. The red metal settled at a three-month price of $7,000/01 per tonne, down from $ ...

Congo Copper Hauler Says Botswana Denies Trucks Entry
Thu, 28 Aug 2014 01:51:00 +0100
Botswana denied entry to trucks ferrying copper from the Democratic Republic of Congo, Africas biggest producer of the metal, because of fears about the Ebola outbreak in that country, according to a hauler of the metal. The authorities in the southern ...

Jiangxi Copper warns on supply as H1 profit falls
Wed, 27 Aug 2014 23:31:00 +0100
China's economy had a relatively significant downturn pressure, resulting in the influence of macro-economy on the nonferrous industry, the producer said. Copper cathode prices were...

Copper Prices Dim on Uncertain Demand
Wed, 27 Aug 2014 16:42:00 +0100
So much for a rebound. Copper futures ended lower Wednesday as uncertainty about demand from China and the U.S. weighed on investor sentiment. The most actively traded contract, for December delivery, closed down 1.40 cents, or 0.4%, at $3.1985 a pound on ...

Antofagasta profits fall as production slows down - UPDATE
Tue, 26 Aug 2014 17:18:50 +0100
Antofagasta , the Chilean copper producer, saw its profit before tax for the period ended 30 June fall from $981m to $850.7m due to lower copper output, prices and higher than expected taxes in Chile.

Escalating costs weigh on copper miner Antofagasta
Tue, 26 Aug 2014 11:39:49 +0100
Escalating production costs and weaker copper prices took their toll on Chilean copper miner Antofagasta (Other OTC: ANFGF - news) in the first half of this year, with its core profit sliding 11.5 percent. Like its peers, Antofagasta is battling falling copper grades and higher output costs, and is spending billions on projects to replace ageing mines and boost capacity. "We expect costs to ...

Magnitude 6.6 quake hits central Chile, no damage reported
Sun, 24 Aug 2014 00:45:45 +0100
A strong, magnitude 6.6 quake hit central Chile on Saturday afternoon, shaking buildings and causing power outages in the capital, Santiago, but there were no reports of damage. Most of Chile's copper mines are in the north of the country, which was not affected by the quake. The relatively shallow quake was felt as far away as southern Chile and western Argentina.

Metals-copper Hits 2-week High; Yellen Signals More Low Rates
Fri, 22 Aug 2014 11:08:00 +0100
LONDON, Aug 22 (Reuters) - Copper hit its highest in a fortnight on Friday and was on track for its biggest weekly rise since early July as brightening U.S. economic prospects and the prospect of extended low interest rates eclipsed concerns over China and ...

Metals-london Copper Eyes Biggest Weekly Rise In Seven Weeks
Thu, 21 Aug 2014 22:06:00 +0100
SYDNEY, Aug 22 (Reuters) - London copper hit its highest in a fortnight on Friday and was eyeing its biggest weekly advance since early July as brightening economic prospects for the United States eclipsed concerns over China's struggling property market.

Kazakhmys earnings fall on lower copper price but beat forecast
Thu, 21 Aug 2014 12:14:46 +0100
* After spin-off to produce 80,000-85,000 tonnes of copper (Adds details on EBITDA, adds bullet points) LONDON, Aug 21 (Reuters) - Copper producer Kazakhmys posted a smaller decline than expected in first-half core profit, as measures it took to control costs and protect margins partly offset lower copper prices. Like other copper miners, Kazakhmys (LSE: KAZ.L - news) is fighting against rising ...

Metals-copper Edges Up, Weak Us Job Data Calms Worries About Fed
Sun, 03 Aug 2014 21:26:00 +0100
SYDNEY, Aug 4 (Reuters) - London copper was a tad firmer on Monday after weak U.S. employment data soothed concerns that the Federal Reserve would soon begin to draw back liquidity that has cushioned demand for metals. Other metals such as LME zinc, lead ...

If you have a press or media news release about the copper industry or an original perspective on copper metal prices please contact our metal reports editor.