Global copper deficit estimated at 390,000 tonnes in 2018: ICSG

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 […]

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Pakistan military to play key role in developing giant Afghan copper and gold mines

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 […]

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Glencore pressured to curb coal production on environmental concerns

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 […]

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Five things to watch in 2019 for global metals industry: Wood Mackenzie

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 […]

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Indian court panel says state government over-reacted by closing Vedanta’s copper smelter

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 […]

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India’s non-ferrous metal firms raise concerns over New Delhi joining RCEP – report

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 […]

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