Chile's top copper producer, Codelco, is eyeing a significant rise in 2014 copper premiums due to renewed demand from China, according to Reuters.
Articles Tagged "Chile"
Mirasol Resources Ltd. (TSXV:MRZ) announced that it has signed a binding Letter Agreement with First Quantum Minerals Ltd. (TSX:FM,LSE:FQM). Together, the companies will explore and develop Mirasol's Chile-based Rubi property, which is located within a porphyry belt that hosts "many world class porphyry copper deposits."
Bloomberg reported that Teck Resources (TSX:TCK.B,TSX:TCK.A,NYSE:TCK,OTCMKTS:TCKRF) announced that they have delayed development at the Quebrada Blanca copper mine due to a drop in copper prices.
Here's a list of the top 10 copper-producing countries of 2012.
Amerigo Resources Ltd. (TSX:ARG) announced copper production results for Q2 from Minera Valle Central.
Here's a look at the three largest copper mines in the world: Escondida, Chuquicamata and Grasberg.
Mining Weekly reported that Chile has cut its copper output forecast for 2013 to 5.53-million tonnes, although overall production is still expected to outpace 2012. They have also adjusted prices lower.
Copper prices were up on Thursday, with optimism from Chinese and Chilean data giving the red metal an upward push. Operations at Freeport's Grasberg mine resumed this week.
A slowdown in China's economy could spell bad news for Chile's economy.
Amid dismal economic data out of Europe, copper made slight gains from an eight-month low as Chile’s port strike caused a supply squeeze.