Copper Investing News» Codelco

Copper May Be Hot Amid European Doldrums

Shihoko Goto — Fri, 25 May 2012 11:00:00 +0000

Copper has nudged back up from a near five-month low, but many traders are wary of moving aggressively in light of political and economic instability in Greece. Still, for some, now may be a good time to shore up the red metal at a reasonable price.

Time May Be Ripe for Copper M&A to Flourish

Shihoko Goto — Wed, 23 May 2012 11:15:21 +0000

M&A activity was strong during the first quarter of 2012 and may be set to increase further in the near future.

Chile’s Codelco Faces Mine Protests

Charlotte McLeod — Thu, 17 May 2012 17:09:01 +0000

Bloomberg reported that Chilean copper mines owned by Chile's Codelco have faced protests regarding job security. The Collahuasi mine, owned by Anglo American plc (LSE:AAL) and Xstrata plc (LSE:XTA) and also located in Chile, has been unaffected.

Top Copper Producer Codelco Raises Output Through September

Jessica Oman — Fri, 25 Nov 2011 18:54:52 +0000

Bloomberg reported that production at Codelco's mines in Chile is up through September 2011.

Codelco ups 2011 China copper premium 35 pct on demand hopes

Anne Bagchi — Mon, 22 Nov 2010 08:14:32 +0000

Reuters reports that Codelco, has hiked its 2011 copper premium for buyers in China by 35 percent.

Lara Options Liberdade Copper Project to Codelco

Anne Bagchi — Fri, 22 Oct 2010 05:44:26 +0000

Lara Exploration Ltd. (CVE:LRA) announces that the company has signed an Agreement whereby Codelco do Brasil Mineração Ltd.

Copper Demand to Outpace Supply

Leia Toovey — Tue, 20 Jul 2010 19:26:16 +0000

Copper commenced Tuesday in positive territory, extending Monday’s winning streak on the back of the longest run of inventory declines in over a year. Copper is ignoring overall market sentiment as lower than anticipated earnings reports from both Goldman Sachs and IBM wreaked havoc on the American and European stock markets.

Unclear if U.S copper demand has hit the bottom

Mike Rodger — Tue, 31 Mar 2009 16:15:39 +0000

Chile’s No.1 global copper miner Codelco reported that it is still unclear whether U.S. demand for copper has hit bottom, adding Chinese consumption had not fallen. For full story, click here

Codelco obtained a pre-tax profit of $4.968 billion during 2008

Mike Rodger — Wed, 11 Mar 2009 09:33:15 +0000

The Corporación Nacional del Cobre de Chile, Codelco reported that it has obtained a pre-tax profit of US$ 4.968 billion during 2008, with $104 million of that in the last quarter of the year, while the international crisis hurt prices for copper and other company products. For full story, click here

Poor GDP numbers put a dent in copper’s rally

Mike Rodger — Mon, 02 Mar 2009 15:37:25 +0000

By Leia Michele Toovey- Exclusive to Copper Investing News U.S. copper futures plunged more than 6 per cent early Friday after government data showed a larger than expected fourth quarter GDP collapse. The bad news capped a week where optimism pushed copper futures up. In fact, copper increased, and safe haven gold pared losses. On [...]