Chilean copper miner Antofagasta Plc. posted a dip in its first-quarter copper output on Thursday and higher costs, but the output figure was in line with a lower full-year forecast. For full story, click here
BHP Billiton reported on Wednesday that total output at its majority owned Escondida copper mine in Chile will decline by 30% during the 2009 financial year because of lower grades and ongoing issues with a mill. For full story, click here
Yunnan Copper Co Ltd 000878.SZ, China’s third-largest copper producer declared that its production in the first quarter dipped 34 percent from a year earlier due to the global financial slump. For full story, click here
China’s refined copper production is expected to rise about 6 percent to more than 4 million tonnes in 2009, the official Shanghai Securities News said on Thursday, citing an executive in the industry group. For full story, click here
Contained copper production at Chile’s Escondida mine, the world’s largest, slumped 45 percent in the first quarter from a year ago to 156,400 tonnes, part owner Rio Tinto Ltd/Plc reported on Wednesday. For full story, click here
KME Group reported that its output of semi-finished copper, copper alloy and special products dipped to 571,000 tonnes in 2008 from 625,000 tonnes in 2007. For full story, click here
Xstrata Copper forecasts that its copper output surging in Chile this year compared with a year earlier as it maintains momentum from the fourth quarter at its part-owned Collahuasi mine and on the back of ramp-ups and efficiencies. For full story, click here
Japanese copper smelters reported that they will continue copper production curbs from April as demand for the metal has not recovered. For full story, click here
Chile’s second-biggest mining association, Sonami, on Tuesday forecast Chilean copper output will increase 1.3 percent this year from 2008 to 5.4 million tonnes, more than 100,000 tonnes less than earlier forecast. For full story, click here
By Leia Michele Toovey- Exclusive to Copper Investing News As economic malaise spread around the globe; silver and gold stocks became top performers. Worried investors flocked to both metals as a means to safe guard their investments as stocks, bonds and currencies became increasingly volatile. Copper investments were not appealing. Copper, fundamental to the transfer [...]
Get our independent commentary on copper trends and companies delivered to your inbox.
