copper

ASX-listed Aeris Resources has entered into an unsecured copper hedge with Macquarie Bank for 9 000 t of copper at a forward price of A$9 096.80/t.

“With the current copper price significantly above our budgeted price for the first half of the 2021 fi…

Glencore’s Zambia subsidiary Mopani Copper Mines on Thursday said the country’s mines ministry rejected its proposal to suspend operations because of low copper prices and disruptions caused by the coronavirus crisis. Mopani said it would appeal agains…

Chile’s Antofagasta and unionised workers at its Zaldívar mine entered into mediation with the government on Wednesday in a last-ditch effort to stave off a strike amid a coronavirus outbreak in the South American nation.

Workers at the mine voted in …

For a metal intrinsically tied to economic growth, copper has had a spectacular few months, surging about 50% from a March low to more than recoup its initial losses in the pandemic. Despite the uncertain global outlook as the coronavirus spreads, pric…

Chile’s Candelaria copper mine, run by the Canadian firm Lundin Mining, on Tuesday rejected claims by the mine supervisors’ union that it is planning to lay off workers, saying the claim relates to the offer of an early retirement package for older wor…

Copper has erased losses racked up in the early months of the coronavirus outbreak. China’s economic uptick, set to be confirmed by second-quarter figures this week, is encouraging an optimistic view of demand. Latin American supply constraints may be …

Base metals miner Nevada Copper has announced a C$97-million bought-deal raising, without which the company is in “serious financial difficulty”, owing to the lack of available cash and funding resources. The net proceeds of the offering will be used t…

Given limited domestic copper production, South Africa should prioritise the recycling of copper scrap to ensure there remains sufficient stock as the economy changes to be more energy efficient and less reliant on fossil fuels, Copper Development Asso…