LME Copper Inventories Fall 4,675 mt in a Day, Down Nearly 30% Within a Month
On August 10, LME copper inventories stood at 218,300 mt, down 4,675 mt from the previous day, a decline of 2.1%.
Source: KLF Mining
copperflash
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Indonesia Confirms Continued Export Bans on Nickel, Bauxite, and Copper Concentrate
Indonesia confirms it will continue to implement export bans on nickel, bauxite, and copper concentrate.
Source: KLF Mining
copperflash
Chifeng Gold's Laos Sepon Gold-Copper Mine Resources Rise 143% to 260 Tonnes of Gold Equivalent
Chifeng Gold announced that its controlling subsidiary Vientiane Mining completed Phase II drilling for the SND project at the Sepon gold-copper mine in Laos, and international third-party institution Snowden Optiro issued an updated resource report under the JORC Code.
Source: KLF Mining
copperflash
Guolian Minsheng Securities: Gold and Copper Move in Tandem; Gold Allocation Offers Better Value
Guolian Minsheng Securities says gold and copper are moving in tandem and that gold allocation offers better value.
Source: KLF Mining
copperflash
U.S. Copper Inventories Surpass 1 Million Tonnes, a Record; Global Copper Prices Still Seen Rising
U.S. copper inventories have surpassed 1 million tonnes, setting a record, while global copper prices remain on an upward trajectory.
Source: KLF Mining
copperflash
BHP Issues Fiscal-Year Guidance; Lower Copper Output Guidance Draws Market Attention
BHP lowered its fiscal-year copper production guidance, sending its share price lower.
Source: kuanglifang.cn
copperflash
US Copper Futures Hit Record High, Breaking $6.90 per Pound
US copper futures briefly rose to about $6.90 per pound on Thursday, setting a new record.
Source: KLF Mining
copperflash
LME Copper Price Stands Above $14,000, DR Congo Ban Sparks Pricing Power Dispute
The Democratic Republic of Congo announced a copper concentrate export ban on August 6, igniting market sentiment.
Source: KLF Mining
copperflash
Global copper mining giants' output falls; supply crisis pushes copper price near record high
Affected by declining ore grades at Escondida and production challenges at Pampa Norte, BHP's H1 copper output fell 6% y/y to about 968,700 tonnes. Freeport-McMoRan's consolidated output dropped 18.4% y/y in Q2 and 20.9% y/y in H1.
Source: KLF Mining
copperflash
Sulfuric acid supply disruption in DRC Copperbelt: copper smelting at risk of output cuts
Sulfuric acid supply disruption in the DRC Copperbelt may lead to copper smelting output cuts.
Source: kuanglifang.cn
copperflash
DR Congo Bans Copper and Cobalt Concentrate Exports; Copper Prices Rally, Listed Companies Respond
DR Congo has banned exports of copper and cobalt concentrates, lifting copper prices. Listed companies have responded.
Source: KLF Mining
copperflash
DR Congo Copper and Cobalt Export Ban Takes Long-Term Effect; Exemption Period Up to One Year
The copper and cobalt export ban in DR Congo is effective long-term, with an exemption period of up to one year.
Source: KLF Mining
copperflash
DR Congo Bans Copper and Cobalt Concentrate Exports, Mandates Local Processing
DR Congo has prohibited exports of copper and cobalt concentrates, mandating local processing.
Source: KLF Mining
copperflash
LME Copper Inventories Fall by 5,175 mt
LME data showed copper inventories down 5,175 mt, with tin down 55 mt, zinc down 975 mt, lead down 3,125 mt, aluminium down 1,500 mt, and nickel down 336 mt.
Source: KLF Mining
copperflash
Tongguan Mining Construction signs infrastructure contract for Angola copper mine
Tongguan Mining Construction signed an infrastructure contract for the Cuia-Mavoio copper mine in Angola, with a contract value of approximately US$37.6554 million.
Source: KLF Mining
copperflash
COMEX-LME Copper Spread Once Hits $621.81; Tariff Expectations Drive Copper Resources to U.S.
On August 5, the COMEX-LME copper spread once reached $621.81/tonne, with market expectations of tariffs on U.S. refined copper intensifying.
Source: KLF Mining
copperflash
BHP lowers FY27 copper production guidance; lower grades and maintenance hit supply
BHP has revised down its FY27 copper production guidance, citing declining ore grades and maintenance affecting supply.
Source: kuanglifang.cn
copperflash
Kobrea and BHP form exploration alliance to advance Argentina copper project
Kobrea and BHP have reached an exploration alliance to advance a copper project in Argentina.
Source: kuanglifang.cn
copperflash