Tag: copper

• Tuesday, November 24th 2020 - 09:22 UTC

  Chile expects a bull market for copper next year

  

  Chile’s copper production will likely rise by 0.6% to 5.82 million tons in 2020, state copper commission Cochilco said on Monday, and to 5.99 million tons in 2021. Cochilco estimated that the copper price will average US$ 2.75 per pound in 2020, before rising to US$ 2.90 per pound in 2021.

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• Thursday, November 5th 2020 - 09:32 UTC

  Chilean mining industry lobby cautions about the rewriting of the new constitution

  

  Chile’s world-leading copper industry will see investment lag for at least two years as the country rewrites a constitution that underpinned nearly three decades of mining growth in the South American nation.

• Saturday, October 31st 2020 - 08:14 UTC

  Chile's Codelco, world's largest copper producer reports profits are back

  

  Chile's State-owned miner Codelco, the world's largest copper producer, on Friday reported a 86% increase in its profit for the first nine months of the year on Friday, to US$1,124 billion, amid an increase in production.

• Monday, July 13th 2020 - 08:39 UTC

  Copper prices hit their highest in two years, over a Chilean miners' strike

  

  Shanghai copper hit its highest in nearly 25 months on Monday, while London copper scaled a 24-month high, on supply worries from top producer Chile due to a potential strike at a mine.

• Friday, July 10th 2020 - 07:56 UTC

  Copper recovering strongly, and at its highest levels since January

  

  Copper raced to its highest levels since January this week as speculators piled into the market, betting on further disruptions in top producer Chile and firm demand from the biggest consumer China.

• Tuesday, July 7th 2020 - 09:43 UTC

  Chilean copper industry halts expansion to slow the spread of coronavirus among miners

  

  Chile's Codelco has halted work on a multibillion-dollar project to extend the life of its El Teniente mine as the copper producer strives to slow the spread of the coronavirus disease through its workforce, the state-owned mining company said.

• Friday, June 26th 2020 - 09:40 UTC

  Chile suspends copper refinery and foundry at giant mine following Covid-19 19 deaths

  

  Chilean copper miner Codelco said on Thursday it was suspending refinery and foundry operations at its sprawling Chuquicamata division to prevent further spread of the new coronavirus.

• Monday, June 15th 2020 - 08:18 UTC

  Chilean copper miners warn of alarming increase in Covid-19 cases and threaten to walk off the job

  

  Chilean copper miners' unions called on Sunday for a re-evaluation of the operational continuity plans of the country's biggest miners during what they said was an “alarming” increase in coronavirus cases among workers.

• Thursday, May 7th 2020 - 13:04 UTC

  Chile anticipates a glut of some 200.000/300.000 tons of copper in 2020

  

  The global copper market is headed for a surplus of between 200,000-300,000 tons in 2020, the head of the miner Antofagasta told Chilean media, with operation halts at some mines offsetting depressed demand due to the coronavirus pandemic.

• Wednesday, January 8th 2020 - 08:55 UTC

  Copper price unlikely to rebound in 2020 forecasts Chile's mining union

  

  The copper price is unlikely to rebound in 2020 even if trade tensions between the United States and China subside, the head of Chile mining trade union Sonami said on Tuesday.