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Six new large mines need to come online annually by 2050 to meet global copper demand – study

This is particularly the case taking into account that the Inflation Reduction Act, signed into law in 2022, calls for 100% of cars manufactured to be electric vehicles by 2035. But an electric vehicle requires three to five times as much copper as an...

Copper juniors converge in British Columbia, Yukon Territories

Juniors are extremely important to major mining companies because they are the firms finding the deposits that will become the next mines. In this way, juniors help the majors to replace the ore that they are constantly depleting in their operating mines. Where to look?...

BHP-Anglo American potential merger: It’s all about copper

An electrified world has become increasingly dependent on battery metals, particularly on copper, and BHP is, not surprisingly, eager to secure a leading position in the market. A tie-up would give the mining giant about 10% of the global copper production. It would also...

Anglo American bullish on copper, cuts diamond targets

In Chile, where the company has the bulk of its copper operations, production rose 6%, with the Collahuasi and El Soldado mines more than compensating for a weaker quarter at Los Bronces. Anglo’s copper output for the year remained unchanged at 730,000-790,000Β tonnes, but totals from...

Spectacular copper price rally only gaining momentum

The spectacular upward move over the last couple of weeks comes as so-called managed money build long positions – bets on higher prices in future – to the equivalent of more than 2 million tonnes on the London Metal Exchange, a new record. Likewise,...

Porphyries: Deposits holding the winning trifecta with copper, gold, silver

Source: ProRealTime And it’s this broad lift across different commodity classes (precious and base metals) that’s starting to create an air of β€˜commodity super cycle’ within mining circles. Rumblings of the 2003 to 2011 upswing years are starting to stir. Back then, everything swelledβ€”from rare earths to...