20 FEB 15 Copper use rises by more than a tenth in 2014
In the first eleven months of 2014, world copper usage is estimated to have increased by around 10% (1.9 Mt) year-on-year, according to the ICSG February press release. Chinese apparent demand increased by 17% (1.5 Mt) accordingly in the period.
18 FEB 15 Top CEO's to deliver performance in Santiago
The 14th CRU World Copper Conference during CESCO week features presentations from the CEO’s of Codelco, Rio Tinto Copper, Minera Collahuasi, Teck, Aurubis, Outotec, the LME and Grupo Mexico.
18 FEB 15 Copper market records 2014 surplus
The copper market recorded a surplus of 105 kt in January to December 2014, which follows a surplus of 283 kt in 2013, according to WBMS. World mine production for the period rose 0.8% to 18.43 Mt.
18 FEB 15 Survey finds America in more positive mood
A survey by American Metal Market has found 67.1% of metals executives upbeat about a better 2015, with energy and automotive markets driving growth, while 76% expect a full recovery by 2016.
16 FEB 15 Analyst sees market in modest surplus in 2015
During January 2015, the copper price plummeted by 15%, almost the same drop as all of 2014. Sporadically large deliveries into LME warehouses started to appear in January, which kept a cap on any rally in the price, according to a Wood Mackenzie bulletin.
13 FEB 15 Investment in Zambian mining tops US$12 billion since 2000
Zambia’s mining sector contributes over 70% to the country’s foreign earnings, says Mr Jackson Sikamo, President of the Zambia Chamber of Mines, in the run up to CBM-TEC 2015 - The Copperbelt Mining Trade Expo & Conference, on 6-7 May.
13 FEB 15 Productivity and mining codes attract Cape Town debate
Mining Indaba at Cape Town, South Africa saw Tony Blair, Robert Friedland, Rio Tinto’s Alan Davies, ex-Rio head Tom Albanese, and Randgold Resources’ Mark Bristow. Friedland said zinc, copper and platinum group metals are the key to African prosperity.
6 FEB 15 Market outlook for zinc examined in early May
The 19th Zinc & its Markets Seminar (MB Events) takes place in Helsinki from 4-6 May 2015, with Field Trip options to Boliden Kokkola Smelter or Outotec Research Center in Pori. The 2014 Seminar had 140 delegates from 92 companies and 32 countries.
30 JAN 15 Concentrates imports to China rose in 2014
China imported 11.87 Mt of copper concentrate through 2014, up 17.75% over 2013, Customs data show. High spot TC/RCs for the raw material were among the major contributors to the increased import volumes. The high price of scrap copper pushed some secondary copper smelters to blister copper instead.
29 JAN 15 China semis import figures
Chinaâ€™s imports of unwrought copper and copper semis were 420,000 tonnes in December 2014, very close to their November figure, Customs stated. SMM expects the import volume to resume its climb in the first month of 2015. Inbound shipments of copper products held high in December due partly to the improving SHFE/LME copper price ratio.
28 JAN 15 Price and production forecasts from Chile
Cochilco forecast average copper prices of US$ 2.85 and US$ 2.80 per pound for 2015 and 2016 respectively, amid a collapse in commodities prices, a strengthening U.S. dollar, and worries about Chinaâ€™s slowdown. Chile is now forecast to produce less in 2015, around 6 Mt copper, compared to the 5.78 Mt it produced in 2014 according to INE data.
27 JAN 15 GDP growth rate projections fall for China
Chinaâ€™s fourth quarter GDP growth was 7.3%. Consequently, 2014 ended with an increase of 7.4%, the lowest growth rate in 24 years. The IMF recently projected 2015 and 2016 growth rates of 6.8% and 6.3% respectively for China, and raised its United States growth forecast for 2015 and 2016 to 3.5% and 3.7% respectively, according to Cochilco.
21 JAN 15 Demand in 2014 outstrips mine output increase
In the first ten months of 2014, world usage is estimated to have increased by around 11% (1.9 Mt) compared with that in the same period of 2013. World mine production is estimated to have increased by around 2% (295 Mt) comparatively, according to the ICSG January release.
19 DEC 14 Copper market records deficit in January to October 2014
The copper market recorded a deficit of 62 kt in Jan - Oct 2014, which follows a surplus of 281 kt in the whole of 2013, according to December WBMS figures. World mine production in the period was 15.27 Mt which was 1.13 % higher y-o-y. Global refined production rose to 18.84 Mt up 7.1 % y-o-y. EU28 production grew by 3.3 % and demand was 2,836 kt, 10.6 % above the Jan - Oct 2013 total.
18 DEC 14 PROMETIA: Mineral Processing/Extractive Metallurgy/Recycling Innovation
The first PROMETIA General Assembly was held on 16 December 2014 in Marcoule, France, followed by the first PROMETIA Scientific Seminar on Mineral Processing and Extractive Metallurgy on 17 December 2014 in Marcoule.
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ARCHIVED 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.
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/
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