The International Copper Study Group (ICSG) recently released its copper report covering 2018, which estimated a global refined copper deficit of 390,000 tons in 2018. According to the ICSG report, world mine production increased by an estimated 2.3% in 2018. “The increase in world mine production of about 460,000 t copper was principally due to […]
Pakistan’s military is taking a key role in the development of one of the world’s biggest untapped copper and gold deposits, which is currently stalled by a multi-billion dollar legal wrangle with foreign mining firms, multiple sources familiar with the situation revealed to Reuters News Agency. The Reko Diq mine has become a test case […]
Glencore has become the latest energy heavyweight to succumb to climate change pressure and has announced it will stop raising its coal production capacity, CNBC reports. The Swiss company’s current thermal coal production capacity is 150 million tonnes annually, which makes it the biggest single exporter of the commodity. But as pressure mounts on the energy […]
A report by Wood Mackenzie, the global research analyst firm has listed out five things to watch out for in the metals market in 2019. The success of China’s economic reform programme will have a strong influence on the metals market this year. On balance, fundamentals have improved, but geo-political concerns continue to dog the […]
Concentrate exports from Indonesia’s Grasberg mine, the world’s second-largest copper mine, will drop about 85% this year because of a lag in output while operations shift from open pit to underground mining, a government official told Reuters said on Wednesday. It is believed shipments this year are expected to fall to 200,000 tonnes from an […]
An Indian court-appointed panel said this week that there were insufficient grounds to permanently close Vedanta Ltd.’s copper smelter and a government decision to shut it amounted to administrative overreach. The state police had fired on environmental protesters that led to the closure of the plant in the southern town of Thoothukudi in May, killing […]
The National Stock Exchange of India (NSE) has received permission from market regulator Securities and Exchange Board of India (SEBI) to launch large copper futures contract with a trading unit 25 metric ton (MT). In the international commodity markets, the 25 MT Copper futures contract is one of the highest traded contracts and is considered […]
Oil-dependent Saudi Arabia is planning an expansion in mining activity in its effort to attract private investment into the sector to further develop it as one of the main contributors to its economy. Mining grew by 6.3 percent year-on-year (y-o-y) in the first quarter of 2018, according to data issued by the Kingdom’s General Authority […]
Oil-dependent Saudi Arabia is planning an expansion in mining activity in a push to attract private investment into the sector to further develop it as one of the main contributors to its economy. Mining grew by 6.3 percent year-on-year (y-o-y) in the first quarter of 2018, according to data issued by the Kingdom’s General Authority […]
India’s biggest non-ferrous metal companies have sounded a warning on the country joining the 10-member Regional Comprehensive Economic Partnership (RCEP) on fears of another blow to their business after their experience of the India-ASEAN free trade agreement, the Economic Times newspaper reported. These companies — Hindalco, Vedanta, Hindustan Zinc, Hindustan Copper and Nalco — with […]
