Copper surges towards record on supply concerns
COPPER rallied about three percent towards record levels as traders anticipated tightening supplies and potential United States import tariffs in the new year.
"Overall supply...
Pressure on Eskom as South32’s Mozal edges towards closure
PRESSURE on Eskom, South Africa’s main electricity supplier, to come up with more affordable power tariffs for more of its industrial customers has intensified...
The copper core
ON December 3 diversified miner Glencore rolled out plans for new copper projects totalling $14bn in expenditure. That increases to $24bn should it develop...
Cobalt miners keep quotas amid Congo export delays
DEMOCRATIC Republic of Congo has guaranteed cobalt producers will retain their full 2025 export allocations despite ongoing delays in implementing new shipment procedures that...
Glencore exports first cobalt under Congo quotas
GLENCORE has completed the inaugural cobalt shipment under Democratic Republic of Congo's new quota regime, dispatching a test consignment this week to trial the...
Congo cobalt exporters seek clarity on quota rules
DEMOCRATIC Republic of Congo's mining industry has demanded urgent government discussions over new cobalt export regulations, said Reuters on Monday.
The industry warned that legal...
Codelco and Glencore plan Chilean copper smelter
CHILE'S state copper producer Codelco and Swiss miner Glencore have signed an initial agreement to develop a smelter in northern Chile, the companies announced...
Copper rally will prove short-lived warns Goldman Sachs
GOLDMAN Sachs has challenged the bullish sentiment surrounding copper, predicting the metal's surge past $11,000 a ton will not last as supplies remain adequate...
Glencore to reopen Alumbrera as targets 1.6mt/y in copper output
GLENCORE annnounced today the restart of its Alumbrera mine in Argentina by late 2026 as it sought to give fresh momentum to its struggling...
Vale and Glencore plan Canadian copper venture
VALE and Glencore are considering a joint copper project in Canada as both companies seek greater exposure to a metal expected to face supply...