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Copper Industry News

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Chinas slowdown shows up in junkyards copper scrap
Wed, 02 Sep 2015 08:10:00 +0100
A radical reduction in the requirements of copper in China an indicator that tracks the wider economys slowdown has led to a boom in recycling. This second-hand trade (whose product trades at a significant discount to prices in any expanding ...

Asarco plans layoffs after Freeport cuts, copper industry downturn
Fri, 28 Aug 2015 23:58:00 +0100
The downsizing reflects a decline in worldwide demand but is especially attributed to the recent economic slump in China, which accounts for about 40 percent of global copper consumption. The price of copper reached a six-year low earlier this week ...

Codelco now mines copper for $1.40 a pound
Fri, 28 Aug 2015 02:00:00 +0100
Sharply lower molybdenum and copper price was only partially offset by a 5.5% rise in copper production to 910,000 tonnes in the six-month period despite some disruption due to flooding. The rise in output was thanks higher production at its El Teniente ...

Glencore reports 431m loss as copper hits 6-year low and oil price ...
Wed, 19 Aug 2015 02:34:00 +0100
Glencore has recorded a $676m (431m) loss for the first half of 2015 after falling oil and copper prices pummeled the Anglo-Swiss miner. The loss compares to a profit of $1.7bn for the same period last year but includes a one-off $792m cost related to ...

Oil to copper to corn unhinged by shock China devaluation
Tue, 11 Aug 2015 16:14:00 +0100
Photo: Reuters Oil and copper prices slumped to six-year lows and other commodities tumbled on Tuesday after China devalued the yuan, raising concerns that a persistently weaker currency will choke demand in the world's top consumer. Adding to a weeks-long ...

BHP takes $ charge on South32 split
Wed, 22 Jul 2015 17:23:32 +0100
Anglo-Australian miner to also take $350m to $650m charge on copper business

Weak oil prices delayed gas projects for mining giant BHP Billiton
Tue, 21 Jul 2015 19:47:00 +0100
BHP beats fiscal 2015 iron ore guidance, takes copper hit (Reuters). weiterlesen ... quarter but a decline in gas production as projects were delayed on weak oil prices . BHP Billiton's iron ore production rises but gas slips (AFP).

Chinas equity rout sparks metal meltdown
Wed, 08 Jul 2015 11:00:26 +0100
Copper leads commodity rout as share prices plunge

Trafigura in joint venture with Mubadala
Mon, 29 Jun 2015 10:22:42 +0100
New company to buy into copper and zinc assets as prices trade near 6-year lows

Monetary Policy Should Be Accommodative, Indicated The RBA
Tue, 16 Jun 2015 00:02:00 +0100
For the 24 hours to 23:00 GMT, the AUD strengthened 0.33% against the USD to close at 0.7760. LME Copper prices declined 2.17% or $128.0/MT to $5760.5/MT. Aluminium prices declined 2.41% or $41.0/MT to $1660.5/MT. In the Asian session, at GMT0300 ...

Copper: quantum leap
Mon, 08 Jun 2015 17:15:50 +0100
Copper-bottomed opportunities are rare, so too are pure plays on the red metal

Here Is Why I Am Buying Freeport-McMoRan And Selling Southern Copper
Mon, 08 Jun 2015 09:11:00 +0100
China is the demand side of the copper equation; therefore, both FCX and SCCO fortunes are highly dependent on the price of the red metal and economic growth and strength of the Chinese economy. One would expect the share prices of both FCX and SCCO to be ...

Chile: Copper bottomed
Mon, 27 Apr 2015 19:20:16 +0100
Facing higher costs and lower prices, copper producers are being asked to improve their environmental record

Teck slashes dividend on 'depressed' coal and copper prices
Tue, 21 Apr 2015 06:24:00 +0100
Miner Teck Resources Ltd. slashed its half-yearly dividend and posted quarterly profit below analysts estimates as prices for steel-making coal and copper remained depressed. Coking coal prices remain at multiyear lows, with spot prices falling close to ...

Carbine launches PFS at Mt Morgan
Wed, 15 Apr 2015 01:28:00 +0100
850 t/y of copper cathode and 230 000 t/y of pyrite concentrate, over an eight year mine-life. The scoping study estimated that the Mount Morgan project would require a capital investment of some A$81.9-million, and would have an operating cost of A$32.70 ...

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