No 1 source of global mining news and opinion
London Metal Exchange copper surged by 3.1% on Wednesday, breaking out of its long-standing range. The move extended on Thursday morning to an eleven-month high of $8,976.50 per metric ton.is news that China’s copper smelters have agreed to curb output in response to a much tighter-than-expected raw materials market.
Smelter treatment charges say a lot about what’s happening in the upstream segment of copper’s supply chain and right now they’re flashing red warning lights. In January China’s Nonferrous Metals Industry Association advised, opens new tab the country’s copper smelters they needed “to bring maintenance ahead of schedule or extend the maintenance time, to cut production and to postpone the commencement of new projects.”
Tellingly, inactive capacity in top producer China averaged 8.3% this year, up from 4.8% last year, a much sharper jump than in the rest of the world.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The CDC investigates a multistate E. coli outbreak linked to raw cheddar cheeseHealth officials reported 10 cases of E. coli infection, adding that the number of people sick is likely 'much higher.' Those cases were from California, Colorado, Texas and Utah.
Read more »
"Green Mining" Won’t Prevent Ecological Damage by Global Rush for Raw MaterialsThe unsustainable global use of materials and energy must be radically reduced, and in an egalitarian manner.
Read more »
WWE Monday Night RAWWWE Monday Night RAW at Frost Bank Center:
Read more »
Former raw milk cheese maker pleads guilty in connection with fatal listeria outbreakThe Associated Press
Read more »
Sleater-Kinney Strip Away ‘Little Rope’ Songs for Raw, New EmotionSleater-Kinney have re-recorded three 'Little Rope' songs for the 'Frayed Rope Sessions.'
Read more »
Chinese Copper Smelters Agree on Production Cuts to Address Raw Material ShortageChinese top copper smelters have reached an agreement to jointly implement production cuts at some loss-making plants in response to a shortage of raw material. Each smelter will assess the reductions they want to make. This agreement was made at a meeting in Beijing as fees to process copper concentrate on the spot market have reached their lowest levels in over a decade.
Read more »