Copper

Gold prices are projected to jump to $3,000 per ounce by 2025, according to Bank of America, buoyed by strong demand from central banks and the anticipation of investors returning to the market once the Federal Reserve begins to slash interest rates. Michael Widmer, the bank’s commodity...

Zambian, the second-largest African copper producer, hopes to rejuvenate its copper output to achieve 1 million tons by 2026. Despite its rich resources and ambitious state goals — aiming to produce as much as 3 million tons — Zambia has stagnated as its annual output fluctuated between 700,000...

Demand for copper from the energy transition may eventually help the red metal diverge from other industrial commodities that are often seen as economic bellwethers. As the energy transition from fossil fuels to renewables gains steam, copper's role as a leading economic indicator may decouple...

Copper holds a significant position in financial markets as an indicator of economic health. Dubbed “Dr. Copper” due to its ability to forecast economic trends, the recent divergence between copper futures prices and spot prices has caught the attention of investors looking to profit...

Copper prices have been on the rise recently, raising questions of what the commodity's market might be saying about the broader economy. Because of its wide industrial uses in automobiles, electronics and buildings, copper is often considered a leading economic indicator. Although recent price...

Editor’s note: This story has been updated to correct the spelling of the investment banking firm Jefferies. Diversified miner Anglo American (OTC:NGLOY) could be a promising buy as copper prices rise and the company looks to transform itself, financial magazine Barron's said in an article....

The Chilean government has unveiled an ambitious plan to double its lithium output over the next decade. The motivation behind this push lies in the nation’s recognition of the potential risks posed by lithium shortages, which could lead to significant economic repercussions for the second-...

Artificial intelligence (AI) has been fueling the surge in Nvidia Corp (NASDAQ:NVDA) stock, in addition to many other semiconductor companies, since 2023. With its growing relevance and use cases, AI is also fueling global copper demand. The demand for copper — an essential component in powering...

Lundin Mining Corp (OTC: LUNMF) shares were climbing in early trading on Wednesday. The company is a defensive name with strong cash flows in the near term, while being leveraged to copper prices in the longer term, according to BMO Capital Markets. The Lundin Mining Analyst: Jackie...

After taking a cautious stance on commodities during a summit in Davos, Goldman Sachs is turning bullish, predicting a more upbeat outlook ahead of likely interest rate reductions by central banks. Per a Bloomberg report, analysts Samantha Dart and Daan Struyven forecast a potential 15% surge in...

China is no longer building fossil fuel power stations at the rate of two a week, as the world opts for greener energy options. Still, the metals needed to achieve these goals will surge again, according to Patricia Mohr, commodities expert and a former vice president at Scotiabank. Mohr told...

Shares of global copper miners, as tracked by the Global X Copper Miners ETF (NYSE:COPX), have seen a remarkable rally in March, rising over 13% month-to-date on track for the best-performing month since November 2022. Key players within the industry, including Southern Copper Corp. (NYSE:SCCO)...

Copper prices have surged to an 11-month-high, reaching $9,164.50 a ton on the London Metal Exchange, fueled by a rally in U.S. equity markets and growing concerns over global supply constraints. This surge comes amid a busy week for central bank meetings, where investors seek clarity on potential...

At the recent African Mining Indaba, Zambian President Hakainde Hichilema stated that Zambia seeks to ramp up copper production from 830,000 tons per year to 3 million tons. A recent mineral exploration supports this plan as KoBold Metals, an AI-powered mining exploration startup, announced the...

Teck Resources Ltd (NYSE:TECK), Canada’s largest diversified miner, surpassed earnings estimates for the fourth quarter of 2023, propelled by robust steelmaking coal sales, record copper production and favorable copper prices. "We had strong fourth quarter performance across our business,...