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...Glencore produces cobalt, nickel, copper and other minerals, and is also one of the world’s largest recyclers of batteries. It does not mine lithium but recently started to trade the metal....
...Ebitda for iron and copper rose in the second half of the year when compared with the first half, as Barclays points out....
...The mining sector remains unloved by investors despite record profits for many big companies last year, and despite widespread expectations of a boom in demand for metals such as copper, iron ore and nickel...
...News round-up Crispin Odey urged woman he groped at work to play down incident to FCA (FT) Revolut granted extension on annual results for second consecutive year (FT) Copper producer Aurubis sets out...
...Maximo Pacheco, chair of Codelco, the world’s largest copper producer, told the Financial Times he expected a deficit of 6mn to 7mn tonnes of copper over the next decade....
...Some investors have hoped the CME would launch a rival contract as it already trades aluminium, copper and steel....
...The London Metal Exchange also reported in February that Russian metal was building up in its warehouses, with 41 per cent of primary aluminium stocks and 95 per cent of copper stocks being of Russian origin...
...In the five-year budget delivered in 2022, the government earmarked $1.5bn for critical mineral projects, as well as a 30 per cent tax credit for the exploration of 15 critical minerals including copper,...
...Element Funds, a natural resources-focused asset manager, at the end of 2022l launched a $5mn ETF tied to futures contracts for copper, lithium, nickel and cobalt....
...Copper, for example, hit a record high above $10,600 in March....
...With the Adani Group’s interests spanning from heavy industry to media — and its position as a leading corporate employer and taxpayer — the challenge to the group’s integrity is significant for India Inc...
...Africa’s second-largest copper producer defaulted on $17bn of debt in 2020....
...It can take decades for a copper mine to move from approval to production, for example. Commodity ETPs include gold products, and broad-based funds often have a large exposure to the precious metal....
...Local supplies of copper foil — a key material — have been severely disrupted too. Hopes of a windfall for Vietnamese component makers are misplaced....
...It believes Gold Fields’ cash flow would be better used to finance a share buyback rather than develop Yamana’s pipeline of projects, which include Mara, a copper-gold resource in Argentina....
...In the Democratic Republic of Congo, where it mines copper and cobalt, Glencore approved bribes in 2010 worth $500,000 to avoid a lawsuit from a medical services company that would have cost $16mn to settle...
...Although Vale is best known for its huge iron ore business it also has a large division that produces industrial metals, primarily nickel and other clean energy metals such as copper and cobalt....
...The company has encountered rising prices in many of its core commodity categories, such as lumber and copper, but chief executive Ted Decker said it was not entirely clear how inflation would affect consumer...
...A version of this article was first published by Nikkei Asia on August 25 2022. ©2022 Nikkei Inc. All rights reserved....
...Copper and aluminium have roughly traded sideways for weeks. Gold may even be benefiting from the sell-off in crypto (see below) as investors wanting a hedge look elsewhere....
...Speaking at an industry conference on Wednesday, BlackRock’s Evy Hambro said that people could more easily see the need to dig giant holes in the ground to mine energy transition metals such as copper and...
...A version of this article was first published on May 24 by Nikkei Asia. ©2021 Nikkei Inc. All rights reserved....
...He added that “from a supply standpoint, copper cannot be turned on with a spigot”....
...Overall copper demand could double over that time, according to miner Glencore. But there are few new large copper mines coming into production over the next decade....
...Another product worth watching is from Global Palladium Fund, which has just launched — in Italy — the first physically backed ETC focused on the key metals used in electric vehicles such as copper, palladium...
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