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Africa Finance Corporation (AFC) has provided a $150 million senior loan to Kamoa Copper for the expansion of the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). The loan was arranged by AFC, which also acted as the lender. The expansion, expected to be completed by the end of 2024, will make Kamoa-Kakula the largest copper producer in Africa, with a copper production capacity of over 600,000 tonnes per year and renewable hydroelectric generation capacity of 178MW. The project aims to contribute to the global energy transition, create employment opportunities, and generate revenue for the DRC. [Extracted from the article]

Kazakhstan's KAZ Minerals Smelting and China Nonferrous Metal Mining (NFC) are partnering to build a $1.5 billion copper smelter in Abay, Kazakhstan. The smelter is expected to have an annual copper production capacity of 300,000 tonnes by its commissioning deadline in 2028. Raw materials for the smelter will be sourced from nearby mining and processing plants operated by Vostoktsvetmet. The project is seen as a major industrial endeavor that will contribute to Kazakhstan's economy and meet domestic market demand for copper processing. In addition to copper, the plant will also produce gold, silver, and sulphuric acid. [Extracted from the article]

Participants in Europe's copper industry struck a pessimistic tone in conversations with Fastmarkets in the lead-up to LME Week, with sources saying that weak demand, high interest rates and a poor macro-economic environment were dampening the mood in the industry. [ABSTRACT FROM AUTHOR]

Chinese market participants were not active in the spot copper concentrate market in the week to Friday September 22, with many attending a copper industry conference held by Antaike on September 19-21 in Kunming, Yunnan province, thereby limiting spot activity. [ABSTRACT FROM AUTHOR]

The 2024 contractual supply premium for copper cathodes is widely expected to drop, sources told Fastmarkets on the sidelines of a copper industry meeting in Kunming city, Yunnan province, on September 19-21. [ABSTRACT FROM AUTHOR]

The copper industry must work together to decarbonize procedures across the board to tackle the challenges of climate change while moves toward electrification will create a boom in copper demand, Aurubis chief executive officer Roland Harings has said. [ABSTRACT FROM AUTHOR]

Copper traders in Europe have already started to note a positive demand impact due to energy-transition technologies. [ABSTRACT FROM AUTHOR]

Copper industry market participants have told Fastmarkets that, despite some progress, concerns persist that potential supply issues in Peru could affect treatment and refining charges (TCs/RCs) globally. [ABSTRACT FROM AUTHOR]

The US copper premium has been boosted by tight spot supply, while the Chinese premium also ticked up slightly for the week ended Wednesday April 26. [ABSTRACT FROM AUTHOR]

The copper industry is about to be shaken up, but it does not resolve the anticipated supply shortfall in the long run. [ABSTRACT FROM AUTHOR]

State-owned enterprise Xiamen C&D Co Ltd could become a key participant in the Chinese copper industry, Fastmarkets heard on Friday March 31. [ABSTRACT FROM AUTHOR]

Copper industry veteran Rodrigo Toro has passed away in Santiago, Chile, after a battle with cancer. [ABSTRACT FROM AUTHOR]

The Shanghai Futures Exchange is to revise the grade and quality specifications of its copper cathode contract, to better reflect the latest developments in the domestic copper industry, the exchange said on Friday June 17. [ABSTRACT FROM AUTHOR]

Copper industry veteran Klaus Tabbert, whose career included more than 20 years at Metallgesellschaft AG (MG) and more than 40 years in the sector, has died. [ABSTRACT FROM AUTHOR]

The copper mining industry needs to change the way it develops projects, focusing first on understanding what environmental, social and governance (ESG) issues mean for every single stakeholder, according to the chief executive officer of World Copper Ltd. [ABSTRACT FROM AUTHOR]

The energy transition represents a great opportunity for the copper industry, but it also poses a significant challenge, the chief executive officer of Chilean miner Codelco has said. [ABSTRACT FROM AUTHOR]

A major copper industry group in Chile has presented an alternative tax reform plan to the government, amid an ongoing legislative process to tap into revenues and retain mining-related capital from the Latin American country's inland given the red metal's price recent rally. [ABSTRACT FROM AUTHOR]

Cobre Panama, the copper industry's most recent major greenfield project, reported record production in the first quarter after it put disruptions related to the Covid-19 pandemic behind it, First Quantum Minerals said. [ABSTRACT FROM AUTHOR]

National Iranian Copper Industries Co's (NICIC) three copper-related projects will come online this year to produce an extra 400,000 tonnes of copper concentrate, according to local media reports. [ABSTRACT FROM AUTHOR]

The copper industry is keeping a close eye on labor negotiations at Chile's mines this year, at a time of increased prices, sociopolitical uncertainty and delayed concentrates shipments. [ABSTRACT FROM AUTHOR]

Chile's copper miners face the biggest set of labor negotiations in years, but with prices expected to maintain current highs, how high is the risk to output disruptions? Fastmarkets investigates. [ABSTRACT FROM AUTHOR]

The copper industry is entering a new phase of prolonged price highs while the global energy transition combines with a deepening supply deficit, according to the executive chairman and chief executive officer of Trafigura. [ABSTRACT FROM AUTHOR]

A summary of the financial results for Chilean state-owned copper producer Codelco in 2020, as stated in its annual earnings report released on Friday February 26. [ABSTRACT FROM AUTHOR]

The article offers information about Jean-Sébastien Jacques, chief executive officer mineral company copper and coal division of Rio Tinto Co. Jacques is also the chairman of the International Copper Association. He was born in Orléans, France, Jacques went to the prestigious Lycée Louis-Le- Grand in Paris, France.

The article profiles Dongying Fangyuan, privately-owned copper smelter in China, and mentions the grow of its refinery capacity. Cui Zhixiang, company founder and chief, offers insights about the evolution of the company, his future plan, and his outlook in the copper markets. Also mentioned are the popularity of copper financing, copper prices, and the expansion of the company.

Chile is set to reach its peak total copper production in 2028 at 7.35 million tonnes, a 26.9% increase from 5.79 million tonnes in 2019, the country's copper commission, Cochilco, said in its 2020-2031 outlook on Tuesday December 29. [ABSTRACT FROM AUTHOR]

Spot market copper concentrate treatment and refining charges were largely unchanged while the market began to conclude annual benchmark-related supply contracts, Fastmarkets heard in the week to December 18. [ABSTRACT FROM AUTHOR]

Chilean copper producer Codelco renewed its labor agreement with the workers' unions representing employees at the Ventanas division located in the country's central Valparaíso region, the state-owned miner said on Tuesday December 15. [ABSTRACT FROM AUTHOR]

A strong recovery in end demand for copper products in the third quarter of 2020 has boosted the copper industry in the United States, though the escalating number of coronavirus cases remains the biggest risk for the financial health of the world's largest economy. [ABSTRACT FROM AUTHOR]

China's copper industry is bracing itself for another ban on raw materials imports after escalating trade tensions with Australia led to reports of the potential cessation of trade in the red metal between the two nations. [ABSTRACT FROM AUTHOR]

Sociedad Minera Corona has decided to furlough part of its workforce after the national quarantine was extended to May 24 and the federal government did not include medium-scale mines in the first phase of its reopening plan, the company said late on Monday May 11. [ABSTRACT FROM AUTHOR]

The European Commission's (EC) antitrust authorities granted Europe's largest copper smelter Aurubis unconditional approval for the €380 million ($417 million) acquisition of Belgian-Spanish recycler Metallo Group, the company said on Monday May 4. [ABSTRACT FROM AUTHOR]

The copper scrap industry in the United States is well balanced despite tightened metal supply due to Covid-19-related disruptions, with waning demand keeping the market in check. [ABSTRACT FROM AUTHOR]

Market participants in the copper cathode industry are bracing for the dual impact of the Covid-19 outbreak as demand and supply both are dented in the United States. [ABSTRACT FROM AUTHOR]

Chinese-Australian miner MMG has declared force majeure at its major copper project Las Bambas after Peru extended its national state of emergency, Fastmarkets learned. [ABSTRACT FROM AUTHOR]

Anglo American will gradually reduce operations at its Los Bronces copper-molybdenum works in Chile following a government announcement about tackling the 2019-nCoV coronavirus pandemic, it said. [ABSTRACT FROM AUTHOR]

For key market participants in Europe's struggling copper industry, the coronavirus (2019-nCoV) epidemic further limiting demand for products was the last thing they needed. [ABSTRACT FROM AUTHOR]

Cesco Santiago, one of the biggest annual events for the copper industry, has been canceled, organisers confirmed to Fastmarkets. [ABSTRACT FROM AUTHOR]

Growing Chinese copper output and an imbalance in trade terms between China and the west have led to a rising need for the European copper industry to guard its interests, panelists at Fastmarkets' International Copper Conference in Amsterdam said on Thursday February 27. [ABSTRACT FROM AUTHOR]

The article offers information on the condition of copper in the metal market as of 2017. Topics include the impact of the decision of the Indonesian government to ban mineral exports in Chile on the regions' supply of ore, the decline in copper volumes due to power outages and strikes, and the study from the International Copper Study Group (ICSG) about the decline in world production of copper in the first half 2017.

The article discusses the forecasting of supply, demand, and prices of copper in 2017. Topics discussed include the impacts of a ban on mineral ore exports in Indonesia, increased copper demand in China, and the mining workers strike at Escondida copper mine in Chile on the copper production and prices in 2017. Comments from Saxo Bank’s head of commodity strategy Ole Hanson, INTL FCStone Financial’s Edward Meir, and Metal Bulletin Research’s Andy Cole are also presented.

The article discusses the price performance of copper metal an the pressures that affect the market margin of copper mining industries. Topics mentioned include the consider to copper as the best base metal in the market, the comparison based on ratio between aluminum and copper, and the decline of the Ebitda margin of copper producers.

The article analyses the pressures squeezing copper miners' margins and factors mitigating them. It mentions that most of the copper-producing countries have seen their currencies weaken; and mentions that by-product revenues have fallen sharply which has led to boost in the net copper costs. It also mentions an increase in prices of copper, lead and zinc as of October 2014.

The article discusses several aspects of global demand and production of copper. It mentions that Nic Brown, head of commodities markets research at Natixis has placed a great deal of importance on the China's State Reserve Bureau (SRB's) moves which are prompted by the sharp fall in copper prices in March 2017. It also mentions that the Newmont Mining has raised its annual copper production for September 2017.

The article offers news briefs at the metal industry in London, England as of October 2013. Indonesia has decided to stop its global shipment for tin after the declaration of force majeure on August 30, 2013. DLA Strategic Materials has planned to resume procurement of materials for the defence sector of the U.S. Glencore Xstrata PLC has planned to expand its copper production.

Fastmarkets copper concentrates treatment and refining charges (TC/RC) index was largely stable week on week due to quiet trading ahead of Lunar New Year on January 25. [ABSTRACT FROM AUTHOR]

Spot trading was muted in Shanghai this past week with market attention diverted to the annual Cesco Asia Copper Week industry event, while the US copper cathode premium narrowed upward despite participants continuing to focus primarily on 2020 annual contract negotiations. [ABSTRACT FROM AUTHOR]

Chinese spot copper premiums hit nine-month highs during a recent copper conference in the Chinese city of Qiqihar (September 5-6), but delegates were less optimistic for the annual benchmark contract negotiations for 2020. Fastmarkets looks at the key topics dominating the Chinese copper industry into the fourth quarter. [ABSTRACT FROM AUTHOR]

Here are another five Fastmarkets MB stories you might have missed on Friday August 23 that are worth another look. [ABSTRACT FROM AUTHOR]