Tag: copper

• 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.

• Tuesday, November 19th 2019 - 08:34 UTC

  Chile's GDP expands 3.3% in 3Q, but prospects for 4Q are discouraging

  

  Chile's gross domestic product grew 3.3 percent in the third quarter of 2019 compared with a year earlier, the central bank said on Monday. The market had predicted relatively strong growth during the July through September period, citing improving prospects for the country's all-important mining industry.

• Tuesday, October 1st 2019 - 09:50 UTC

  Chile's production of copper and lithium increased during August

  

  Chile's production of both copper and lithium jumped in August, even as the country's manufacturing production dropped 1.5% compared with the same month the previous year, government data showed on Monday.

• Thursday, September 5th 2019 - 09:35 UTC

  Chile's central bank slashes benchmark interest rate to 2% to prop economy

  

  Chile’s central bank slashed the benchmark interest rate by 50 basis points to 2% on Tuesday, the lowest in 9 years, citing a sputtering economy hurt by global trade tensions.