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Chile's Copper Output Set for 20-Year Low After Accidents and Storms
Chile, the world's largest copper producer, faces a severe output crisis. Fatal accidents, extreme weather and declining ore grades at aging mines are...
BloombergNEF Warns Copper Needs $332 Billion to Avoid 2050 Supply Gap
A report released October 20 by Bloomberg New Energy Finance (BNEF) says the copper industry needs approximately $332 billion in investment for new and...
Copper Rises as China’s Q3 Growth Tops Forecasts
Copper prices rose on October 19, 2026, after China reported stronger-than-expected economic growth for the third quarter. The National Bureau of Statistics...
Antofagasta Ends Centinela Strike After 94.49% Vote Approves Contract
Workers at Antofagasta Minerals’ Centinela copper mine in Chile ended a strike that began on October 7. On Sunday, October 18, two unions announced that...
Antofagasta reaches Centinela mine deal, ending week-long copper strike
Workers from two unions at Antofagasta’s Centinela copper mine in Chile will vote on a preliminary collective contract on Saturday, October 17. The parties...
BHP Reaches Tentative Deal to Avert Escondida Strike
Supervisors at BHP’s Escondida copper mine in Chile called off a planned strike after reaching a preliminary agreement with the company on a new contract. The...
Freeport-McMoRan's Q3 Copper Production Meets Targets, Gold Sales Deferred
Freeport-McMoRan reported third-quarter 2026 copper production of approximately 830 million pounds, in line with expectations. Gold production reached...
First Quantum Could Restart Cobre Panama to Fund Its Closure
A Panamanian government commission has recommended the orderly closure of First Quantum Minerals’ Cobre Panama mine, reversing expectations that the government...
Deutsche Bank Predicts 50% Copper Surge as Supplies Tighten
Deutsche Bank predicts copper prices could rise approximately 50%. It forecasts prices of $22,050 per metric ton by the second quarter of 2027. Analysts cite...
Antofagasta Faces Centinela Strike Vote in Chile, Contract Talks Stall
Two unions representing workers at Antofagasta Minerals’ Centinela copper mine in Chile began a strike vote on September 26, 2026, after contract negotiations...
BHP Suspends World's Largest Copper Mine After Fatality, Prices Decline
BHP Group suspended all operations at its Escondida mine in Chile on September 23. The world's largest copper producer halted activity following a worker's...
BHP Faces Escondida Strike Risk, After Union Rejects Final Wage Offer
Union leaders at BHP’s Escondida copper mine in Chile formally rejected the company’s final wage offer. The union represents more than 1,000 supervisors and...
Copper Rallies to $14,408, Defying Fed Hike on Chinese Buying
Benchmark copper on the London Metal Exchange rose 1.2% on Thursday. Prices reached $14,408 per metric ton during the session. This rebound follows a 4%...
Copper Surges Past $14,700, Driven by Chilean Production Crisis
Copper prices on the London Metal Exchange reached an all-time high. Three-month futures surpassed $14,700 per tonne. Supply concerns in Chile, the world's top...
Fed Hikes Rates to 4.00% — Can Copper Weather a Stronger Dollar and Costlier Capital, or Is This the Start of a Deeper Slide?
Copper held its ground — barely — after the Federal Reserve delivered its first rate hike since July 2023, lifting the benchmark target range by 25 basis...
Fed Raises Rates to 4.00%, First Hike Since 2023 to Fight Inflation
The U.S. Federal Reserve increased its benchmark interest rate by 25 basis points. The new target range stands at 3.75% to 4.00%. This decision marks the first...
White House stalls copper tariffs, citing inflation risks ahead of elections
The White House stalled its decision on refined copper import tariffs to avoid increasing costs for manufacturers and consumers. Officials are balancing...
🔴 Copper is trading 3.17% down today amid U.S. inventory growth and tariff uncertainty
Copper is trading 3.17% down now at $6.67 as U.S. inventories continue building ahead of a possible tariff on refined copper imports, raising concerns about...
Goldman Sachs Hikes Copper Forecast to $13,735, Citing US Stockpiling Surge
Goldman Sachs raised its year-end 2026 LME copper price forecast from $12,465 to $13,735 per tonne. Analysts identified surging U.S. import demand as the...
China Factory Growth Stalls at 50.0, Pressured by Weak New Orders
China’s National Bureau of Statistics reported the official manufacturing Purchasing Managers' Index (PMI) fell to 50.0 in May. This figure marks a decline...