Reuters reported that the world’s top copper producer, Codelco, saw its output drop to a five-year low and its profits knocked down by half in 2013 on dwindling ore grades and lower metal prices.
Articles Tagged "copper production"
Copper prices have recovered slightly from early-week lows. However, the red metal has once again fallen victim to concerns over federal stimulus plans, sliding back from a nine-day high to $7,080.25 per tonne on the London Metal Exchange.
Nevsun Resources Ltd. (TSX:NSU,NYSEMKT:NSU) has reached commercial production for the copper expansion at the Bisha Mine in Eritrea following the successful commissioning of its flotation plant.
Copper junior VMS Ventures and Hudbay Minerals, its joint venture partner, are one step closer to full production at the Reed copper project.
Here's a list of the top 10 copper-producing countries of 2012.
John Roozendaal, president and director of VMS Ventures, spoke with Copper Investing News about Reed Copper, the company's joint venture project with Hudbay Minerals.
With supply concerns on the horizon, the copper market could be looking at some positive price movements.
Mining Weekly reported that Rio Tinto plans to ship copper from Oyu Tolgoi mine in Mongolia on Friday June 14.
Reuters reported that Freeport-McMoRan Copper & Gold Inc has declared force majeure at its Grasberg mine after a series of accidents has shut them down while the government conducts a probe.
Reuters reported that Sterlite Industries' Indian copper smelter may face another roadblock before re-opening after being closed since May 7. As quoted in the Reuters report: