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
Fast-moving market developments, company updates and policy signals.
AllLithiumCopperAluminumNickelManganeseIron OreChromiumCoal & CokeGoldSilverLead, Zinc & TinOther / Comprehensive
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
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: KLF Mining
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: KLF Mining
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: KLF Mining
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: KLF Mining
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: KLF Mining
copperflash