Indonesia's Grasberg-Linked Smelter Halts Operations, Copper Exports Face Delays
The smelter linked to Indonesia's Grasberg mine has halted operations, causing delays in copper exports.
Source: KLF Mining
copperflash
Fast-moving market developments, company updates and policy signals.
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Philippine Consortium Buys 20% Stake in Atlas Mining; Copper Mine Expansion Imminent
A Philippine consortium acquired a 20% stake in Atlas Mining; copper mine expansion is imminent.
Source: kuanglifang.cn
copperflash
Chilean Congress Passes Major Reform Bill to Simplify Mining Environmental Approvals
Chile's Congress passed a major reform bill that will simplify environmental approval procedures for mining projects.
Source: 矿立方
copperflash
U.S. Copper Stockpiles Surpass 1 Million Tonnes, Record High; COMEX Inventories Break Above 650,000 Tonnes
Global visible inventories at the three major exchanges total about 1.11 million tonnes, with the U.S. alone locking in over 1 million tonnes—equivalent to half a year of its domestic consumption.
Source: 矿立方
copperflash
Hindustan Copper Plans to Source Copper Concentrate from Chile for Hindalco
Hindustan Copper plans to purchase copper concentrate from Chile for supply to Hindalco.
Source: kuanglifang.cn
copperflash
India-Chile Trade Agreement Nears Conclusion: Critical Minerals on New Delhi's Priority Agenda
India and Chile are in the final stage of CEPA negotiations, with critical minerals high on New Delhi's priority agenda.
Source: kuanglifang.cn
copperflash
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: 矿立方
copperflash
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: 矿立方
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: 矿立方
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: 矿立方
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: 矿立方
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: 矿立方
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: 矿立方
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: 矿立方
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: 矿立方
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: 矿立方
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: 矿立方
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: 矿立方
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
Goldman Sachs mid-year report: critical minerals M&A accelerates, miners turn to integrated strategies
A Goldman Sachs report says critical minerals M&A is accelerating as companies adopt integrated strategies to secure supply chains.
Source: kuanglifang.cn
copperflash
Western Mining Releases Interim Report: High Copper Prices Drive Sharp Profit Surge
High copper prices and capacity release lift H1 profit by 123%
Source: KLF Mining
copperflash
US-London Copper Price Gap Widens Again; Arbitrage Intensifies Copper Supply Tightness
Recent divergence in COMEX and LME copper prices and inventories continues to widen.
Source: 矿立方
copperflash
Western Mining Advances Yulong Copper Mine Phase III with RMB 4.8 Billion Capital Expenditure
Construction of Yulong Copper Mine Phase III is advancing steadily, with infrastructure works planned for completion by end-2026; total project capital expenditure is about RMB 4.8 billion.
Source: 矿立方
copperflash
LME Copper Approaches Record High; Chile Mine Expansion Suspended and US Tariff Expectations Build
On August 5, LME copper touched USD 14,125/t intraday, second only to the USD 14,196.5/t high set on May 13.
Source: 矿立方
copperflash
South Africa's Harmony Gold Raises Over ZAR 20 Billion Financing to Advance Copper Mine Expansion
South African gold major Harmony Gold has finalized a multi-currency financing package worth over ZAR 20 billion to refinance debt from the acquisition of Australia's MAC copper mine and support long-term copper growth.
Source: 矿立方
copperflash
Western Mining Completes Yulong Copper Resource Upgrade, Adding 1.31 Million Tonnes of Copper
Western Mining said during a survey that it holds a 58% controlling stake in Yulong Copper; the Chating copper mine exploration right was obtained by Yulong Copper through public auction, with the company's look-through stake at 58%.
Source: 矿立方
copperflash
Tongguan Mine Construction signs Angola copper mine infrastructure contract worth USD 37.65 million
Tongling Nonferrous Metals Group Tongguan Mine Construction Co., Ltd. (stock code: 920019) announced that it has formally signed an Angola copper mine infrastructure construction contract.
Source: 矿立方
copperflash
Zangge Mining receives RMB 616 million interim dividend from Julong Copper
Zangge Mining announced that its associate Julong Copper decided to carry out an interim dividend, and the company received RMB 616 million in cash dividends based on its 30.78% shareholding.
Source: 矿立方
copperflash
US buys over 200,000 tonnes of copper in a single month; inventories may hit 100-year high
The US is buying refined copper at a pace not seen in at least 12 years, with monthly imports exceeding 200,000 tonnes and copper inventories potentially hitting a 100-year high.
Source: 矿立方
copperflash
LME Copper Returns to $14,000, Reaches Record High; LME Stocks Critically Low
On August 5, the non-ferrous metals sector rallied broadly. LME copper returned to the $14,000/t mark, spot premiums widened to $115/t (the largest since January), and LME deliverable stocks stood at only 94,000 tonnes, slightly above one day of global copper consumption.
Source: 矿立方
copperflash
Tariff Arbitrage Triggers Copper Market Inventory Crisis; LME Copper Nears Record High
The global copper market faces supply tightness due to anticipated US tariff arbitrage; LME copper prices returned to the $14,000 level, just 1% below the historical high.
Source: 矿立方
copperflash
Mariana Minerals Secures $310 Million in Financing to Advance Copper-Lithium Project
Mariana Minerals secured $310 million in financing to advance its copper-lithium project.
Source: kuanglifang.cn
copperflash
Copper price breaks US$14,000 mark: US import wave tightens global supply
Copper price breached US$14,000 as US import demand tightens global supply.
Source: KLF Mining
copperflash
US copper buying spree hits 12-year record; global copper market faces reshaping
US copper stockpiling reaches a 12-year high as global copper market structure faces reshaping.
Source: 矿立方
copperflash
Jinchixin Subsidiary Signs Mining Contract for Chambishi Copper Mine Worth US$115 Million
Jinchixin's subsidiary signed a mining contract for the Chambishi Copper Mine with a total value of US$115 million.
Source: 矿立方
copperflash
Julong Copper Mine Phase II Commissioned and Reaches Full Production; Phase III Plans 600,000 t/y Copper
The Julong Copper Mine's Phase II has been commissioned and reached full production. Phase III is planned to produce 600,000 tonnes of copper per year.
Source: 矿立方
copperflash
US Refined Copper Imports Hit 12-Year High in July: Tariff Expectations Trigger Stockpiling Wave
US refined copper imports reached a 12-year high in July, with tariff expectations triggering a stockpiling wave.
Source: KLF Mining
copperflash
New Drilling at Nanadie Copper-Gold Project in Western Australia Intersects Mineralization; Resource Could Rise Significantly
New drilling at the Nanadie copper-gold project has intersected high-grade mineralization, and the resource could rise significantly.
Source: KLF Mining
copperflash
Rio Tinto Says No Rush to Restart Glencore M&A Talks as Standstill Period Ends
Rio Tinto says it is not rushing to restart merger talks with Glencore after the standstill period ended.
Source: kuanglifang.cn
copperflash
Panama plans to restart copper mine with First Quantum; copper prices range-bound short term, bullish medium term
On the macro side, the US-Iran military conflict continues to escalate. US forces struck Iran on the night of July 29, and Trump said military action will resume if diplomacy fails and plans to authorize tariffs on Iran.
Source: 矿立方
copperflash
Xinke Materials to acquire minority stake in Xinke Copper, increasing ownership to 100%
Xinke Materials plans to acquire a 20% minority stake in Xinke Copper, increasing its ownership to 100% and making it a wholly-owned subsidiary.
Source: KLF Mining
copperflash
US Refined Copper Imports Exceed 200,000 Tonnes in July, Record Monthly Inflow
US refined copper imports exceeded 200,000 tonnes in July, setting a record monthly inflow, with copper entering the country at the fastest pace in at least 12 years.
Source: 矿立方
copperflash
Capstone Copper Optimizes Chile Copper Mine Operations to Address Sulfuric Acid Cost Pressure
Capstone Copper is optimizing its operations amid rising sulfuric acid costs, prioritizing higher-margin sulfide ore at its Mantoverde mine in Chile.
Source: kuanglifang.cn
copperflash
Copper Supply-Demand Gap Expected to Widen to 300,000 Tonnes, Mine Costs Keep Rising
The copper supply-demand gap is expected to widen to 300,000 tonnes, while mine-stage costs continue to climb.
Source: KLF Mining
copperflash
Mariana Minerals Secures $310 Million to Advance Copper Mine Restart
Mariana Minerals completed a $310 million Series B round, reaching a $1.5 billion valuation.
Source: kuanglifang.cn
copperflash