- 17 OCT 14 GFMS Copper Survey Update indicates supply side will dominate
- 15 OCT 14 New organisation to protect and promote women in the DRC mining sector
- 15 OCT 14 Global copper market to swing into surplus in 2015
- NEWS STORIES
17 OCT 14 GFMS Copper Survey Update indicates supply side will dominate
An October update to the Thomson Reuters GFMS 2014 Copper Survey predicts global demand will have grown by 859,000 tonnes in 2014, with 480,000 tonnes rise in China and 114,000 tonnes from the EU-28.
15 OCT 14 New organisation to protect and promote women in the DRC mining sector
Mrs Kaleba Ngoie-Kasongo, Executive Director of the Hear Congo organisation, and Speaker and Chairperson during the upcoming Katanga Mining Week, is very encouraged by the creation of the national “Women in Mining” RENAFEM association in the DRC.
15 OCT 14 Global copper market to swing into surplus in 2015
The ICSG has released its Copper Market forecast 2014/2015 after its October meeting in Lisbon. World production of refined copper is expected to exceed demand for refined copper by about 390,000 t in 2015. World mine production is expected to grow by around 3% in 2014 to 18.6 Mt.
ARCHIVED NEWS STORIES
14 OCT 14 Codelco European premiums unchanged
Top copper producer Codelco will offer its customers in Europe benchmark premiums of US$ 112 per tonne in 2015, unchanged from last year, reflecting weak market conditions due to poor demand and rising supply.
9 OCT 14 LME continues warehousing reform plans after legal win
The LME intends to continue with the proposed implementation of the linked load-in / load-out (LILO) rule to proceed with further warehousing reforms following the success of its judicial review appeal.
7 OCT 14 New guide simplifies specification of antimicrobial copper
A new publication launched at Healthcare Estates 2014 provides healthcare architects and estates managers with guidance on upgrading key touch surfaces to antimicrobial copper to bolster infection control.
OCT 14 3rd Asia Copper Week will be biggest yet
The 3rd Asia Copper Week event in Shanghai will take place on 18 - 20 November 2014 after the success of its two previous versions. The key actors from the copper industry have already confirmed their presence and 1,300 attendees are expected.
5 OCT 14 August sees drop in Chilean output
Chile, the world's No. 1 copper producer, produced 483,170 tonnes of the metal in August, a 2 per cent decrease from a year earlier. State copper commission Cochilco has forecast that Chile would produce 5.95 Mt in 2014, reports SMM.
3 OCT 14 Finalists announced in DRC Mining Industry Awards
Randgold Resources, Kamoto Copper Company, Tenke Fungurume and MMG are some of the nominees for the inaugural DRC Mining Industry Awards to be announced during iPAD DRC Mining & Infrastructure Indaba on 22 October in Kinshasa.
3 OCT 14 Newly inaugurated Sierra Gorda makes first shipment
KGHM inaugurated the Sierra Gorda mine with Chilean President Michelle Bachelet on 1 October. The first shipment with approximately 6,000 tonnes of copper concentrate from the mine is expected to arrive at the Toyo Smelter and Refinery in November 2014.
9 SEP 14 Katanga Mining Week aims to stay relevant
Cutting edge technology and practical workshops for the mining industry will be the main focus of the upcoming Katanga Mining Week taking place in Lubumbashi from 28 - 29 October. This year up to 1,000 participants are expected at the conference and 45 stand exhibition.
26 SEP 14 Chinese smelters ramping up H2 production
The average operating rate at Chinese copper smelters rose to 91.15% in August, its highest this year, SMM’s latest survey reveals. Key smelters completed only 46.7% of H1 production targets, according to their midyear reports. http://www.scrapregister.com/
25 SEP 14 Exploration stalls in August study
In its relaunched ‘Monthly Industry Monitor’ exploration sector study, SNL Metals & Mining concluded that, despite the overall improvement in global metals exploration since April, an August fall means it is still too early to start celebrating a recovery. http://www.snl.com/
24 SEP 14 Codelco funding programme cleared by President
Chilean President Michelle Bachelet has given clearance for Codelco to spend US$ 23.5 billion to revamp century-old mines that are running out of profitable ore, and has pledged to sell US$ 4 billion of bonds for additional funding. http://www.bloomberg.com/
23 SEP 14 Rise in world usage so far this year
According to ICSG September data, the 1H 2014 world usage estimate is up 14.5% compared with 1H 2013. The 1H 2014 refined copper balance including revisions indicates a production deficit of 526,000 t (seasonally adjusted 470,000 t), compared to a surplus of 139,000 t (227,000 t) in 1H 2013. http://www.icsg.org/
22 SEP 14 Chile looking to boost cathode exports
Chilean lawmakers have submitted a legislative motion asking the finance and mining ministries to establish tax incentives to boost copper cathode exports. The measure was approved by the lower house and sent to the executive power, which can turn it into a bill to be sent back to congress. http://www.bnamericas.com/
19 SEP 14 Pizarro tasked to deliver on Codelco projects
The future of the world’s largest copper producer Codelco is closely linked to the success of its massive 5 key structural projects. The arrival of Nelson Pizarro as the new CEO has enhanced the prospects for project success in the face of significant challenges. http://www.metalbulletin.com/
18 SEP 14 Significant EU demand increase in year to July
The copper market recorded a deficit of 374 kt in January to July 2014 which follows a surplus of 319 kt in the whole of 2013, according to WBMS. EU27 production grew by 1.8% and demand was up 12.3% at 2,091 kt compared to the January to July 2013 total. http://www.world-bureau.com/
17 SEP 14 ISRI looks to U.S. recovery for solace
A drop in copper demand from China will weigh on primary and secondary copper prices, but a brighter economic outlook in the United States will allay some fears, economists said during the Institute of Scrap Recycling Industries’ Commodities Roundtable in Chicago. http://www.amm.com/
16 SEP 14 Copper mining report forecasts 3.9% CAGR
The 'Global Copper Mining to 2020' report covers historical and forecast data on global copper mine production and consumption to 2020, reserves and trade also by country, drivers and restraints affecting the global copper mining industry, and profiles of major copper mining companies. http://www.marketresearch.com/
15 SEP 14 Increased concentrate exports from Brazil
Brazil’s copper concentrate exports totalled US$ 1.16 billion in January to August 2014, up 9.9 per cent from US$ 1.07 billion a year ago. http://www.bnamericas.com/
12 SEP 14 Rise in China concentrate imports
China imported 960,000 tonnes of copper concentrate in August, up 6.53% from July, Customs data indicate, and the Shanghai Metals Market (SMM) expects the import volume to continue rising in September. http://www.metal.com/
10 SEP 14 Semis firms in China voice concerns
Chinese copper wire rod, wire and cable producers are split over the copper price outlook, the most recent Shanghai Metals Market (SMM) surveys shows six out of 21 rod producers are bearish that copper prices will fall, and 1 in 3 of the wire and cable firms surveyed felt the same. http://www.metal.com
8 SEP 14 Copper could follow iron ore down
The price of copper could well follow the trend in the iron ore price where a combination of slowing demand, swelling supply and similar exposure to China have seen the price collapse by more than a third this year, independent research house Capital Economics argues. http://www.mining.com/
5 SEP 14 Significant revision made to Antofagasta forecast
Antofagasta Plc cut its forecast for a surplus in the global copper market this year by almost two-thirds to 150,000 tonnes from 400,000 tonnes after delays in setting up new mines in the industry, said CEO Diego Hernandez. http://www.bloomberg.com/
3 SEP 14 Medium term challenging for Chile
Close to 20 % of Chile’s largest copper mines will be closed or reconverted by 2025, as the country faces a challenging scenario, marked by falling ore grades at its aging mines, sliding copper price and rising costs. http://www.mining.com/
1 SEP 14 Project construction rise to aid usage
Less maintenance in the second half, combined with greenfield smelter projects and a historically high incentive conversion price, should help transmit the building raw materials surge into the refined copper marketplace, according to Reuters’ Andy Home. http://www.reuters.com/