Copper

Chinese mining leader Zijin Mining Group (OTCPK: ZIJMF) announced an upward revision of its copper production targets for 2025 in response to soaring copper prices. The company now aims to produce 1.22 million tons of copper next year, a 4% increase over its previous goal. This adjustment comes as...

Tesla charging stations in Vallejo, California, were recently targeted by thieves who stole copper cables, causing damage and inconvenience for drivers. Mother’s Day Mayhem: The incident reportedly occurred on Mother’s Day when nine charging stations behind...

Renowned investor Stanley Druckenmiller has significantly reduced his stake in NVIDIA Corp (NASDAQ:NVDA), indicating a shift in his investment strategy. What Happened: Druckenmiller’s Duquense Family Office sold off 441,551 shares of Nvidia in the first quarter, amounting to a 72% reduction...

Mining leader BHP (NYSE:BHP) has partnered with Ivanhoe Electric (NYSE:IE, )) to explore copper and other critical minerals in the United States. The collaboration aims to find new sources of critical minerals, vital for the energy transition and the electrification revolution. The partnership...

Anglo American (OTCQX:NGLOY) could be at the center of a bidding war with commodities giant Glencore (OTCPK: GLCNF) after it rejected BHP‘s (NYSE:BHP) $39-billion offer. What Happened: According to sources cited by Reuters, discussions within Glencore are internal and preliminary at this...

Top Stories for April 26, 2024: Anglo American (OTC:AAUKF) rejected the $39-billion all-share takeover bid from BHP Group (NYSE:BHP), calling it “highly unattractive” and undervalued.  The offer included conditions like demerging Anglo American's stakes in Amplats and Kumba Iron...

Australian multinational miner BHP Group's (NYSE:BHP) nearly $40 billion bid for rival Anglo American (OTC: NGLOY) may not be enough to acquire the company as other diversified miners will probably make rival bids amid the global scramble for copper assets. After completing a $6.4 billion...

Copper prices have significantly risen, reaching near two-year highs of $10,000 per metric ton. Leading commodity trader Trafigura expects 10 million metric tons of additional copper consumption over the next decade. This surge in demand comes from various sectors, including electric vehicles,...

Saudi Arabia's Manara Minerals is reportedly in advanced talks to acquire a minority stake in Pakistan’s Reko Diq gold and copper mine project. The project, located in the commodity-rich province of Balochistan, is on track to start production by 2028. According to Bloomberg and the state-run...

Top Stories for April 18, 2024: Alcoa Corp (NYSE:AA) reported first-quarter losses of 81 cents per share with revenues of $2.6 billion, slightly above the expected $2.56 billion.  In the alumina segment, revenues rose by 6% due to higher prices and increased shipments, while the aluminum...

Rio Tinto (NYSE:RIO) and Saudi Arabia’s Manara Minerals Investment are reportedly interested in buying First Quantum Minerals‘ (OTCPK: FQVLF) Zambian assets. What Happened: According to Bloomberg News, potential buyers are circling First Quantum-owned assets. In addition to Rio Tinto...

Top Stories for April 17, 2024: During a visit to Pittsburgh, President Joe Biden plans to announce new trade policies aimed at boosting the U.S. steel sector by imposing a 25% tariff on certain Chinese steel and aluminum imports. The move seeks to protect American manufacturing jobs from China...

As the global economy continues its recovery trajectory, the spotlight remains firmly fixed on commodities, particularly copper, a key player in various industrial sectors. JPMorgan analyst Bill Peterson, has provided valuable insights into the performance and prospects of two prominent players in...

Editor’s Note: This article has been updated with a spelling correction in the headline. The United States and the United Kingdom have launched new measures to disrupt Russia’s revenue stream. The latest sanctions target commodity exports by prohibiting metal exchanges from accepting...

Wall Street is demonstrating an increased interest in copper, a trend driven by the metal’s growing use in data centers, which are essential for artificial intelligence (AI) operations. What Happened: A note from Jefferies, predicts that global copper demand from data centers will jump from...