The protracted war in Ukraine is fueling a surge in copper demand, according to industry insiders. The insatiable demand for weapons and…
copper
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Copper prices are surging again in New York as short sellers face renewed pressure. A shortage of deliverable metal is amplifying the situation, echoing the dramatic short squeeze of May 2024. This could impact production costs for manufacturers who rely on copper.
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Copper prices are on a rollercoaster ride after reaching an all-time high. While some believe a shortage is coming, concerns about weak demand, especially in China, are causing uncertainty. The long-term outlook for copper seems positive due to the green energy transition, but short-term fluctuations are likely.
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In a move that could reshape the global copper market, Anglo American has again rejected a takeover bid from BHP. The $42.7 billion offer, though higher than BHP’s initial attempt, wasn’t enough to sway Anglo American’s board. BHP is determined to become a copper giant, but Anglo American seems focused on going it alone.
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Western sanctions targeting new supplies of Russian metals have sent shockwaves through global markets, sparking volatility and reigniting debate over the role…
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Glencore, a leading global commodity trading and mining company, has announced a significant increase in its investment in Stillwater Critical Minerals. The…
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Zinc prices surged after Glencore Plc, a major mining conglomerate, temporarily halted operations at its McArthur River mine in northern Australia. The…
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Panama’s government ordered the closure of Cobre Panama, one of the world’s largest copper mines, in late 2023. The decision sparked a…
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The Canadian stock market rose on Friday, as a surge in copper prices helped offset the impact of higher-than-expected inflation data from…
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Congo’s state-owned mining company, Gecamines, has made a firm offer to buy some of the copper and cobalt assets of Eurasian Resources…