It was second time unlucky for the Australian miner, but a third attempt at a later date might be the charm
Kutch Copper Ltd., which began processing metal in June after multiple delays, has brought in less than a 10th of the raw material required
Copper is currently China’s game in geopolitics, but it need not be so for long
A private survey of manufacturing activity in China fell to 50.6 in October, compared with 51.2 in September, a bigger decline than forecast
Futures on the London Metal Exchange fell as much as 1.4% on Thursday, pulling back from a surge to an all-time high in the previous session that capped a 28% year-to-date advance
Base metals including copper, aluminium, and zinc are rallying on supply shortages, strong industrial demand, and a weaker dollar, even as precious metals see a pullback.
Three-month futures rose more than 1% to approach $10,970 a ton in intraday trade in London.
India must adopt a proactive copper strategy, focusing on increasing in-use copper reserves, improving recycling, and reducing dependence on imports to meet growing demand and ensure economic and technological security
New Delhi told the WTO that the US tariffs were 'safeguard measures' and not notified by Washington as per the rules of the Geneva-based trade body
The sell-off followed President Donald Trump’s announcement to exclude refined copper from the upcoming tariff package set to take effect on Friday, triggering a sharp reversal in sentiment, the brokerage firm said
Incumbents have stepped up their expansion plans in order to preserve market share, as large corporates prepare to enter the sector.
Lower TC/RC margins could result in a 25–30 percent hit to Hindalco's copper EBITDA.
Industry observers expect that Indian exporters may eventually redirect supply towards alternative markets or capitalise on the growing domestic demand in sectors like power, construction, and electric vehicles.
The steep 50% tariff, similar to that levied on steel and aluminium, could be a bargaining chip for Trump or a move to localise production. Which one it is will determine how the industry shapes up in the coming years
Copper prices shot up globally after record shipments to US, following Trump's tariff threats.
Copper is crucial to India’s defence manufacturing, enabling advanced systems in vehicles like the CCIV, supporting communication, radar, and weapon technologies for modern combat effectiveness
Konkola Copper Mines has reserves and resources of 16 million tonnes of highest grade copper. The mine also has cobalt reserves and resources amounting to 412,000 tonnes, reinforcing its potential as one of the top five cobalt producers globally.
Agarwal said copper is the new super metal and it is heavily used in every advanced technology, whether EVs, renewable energy infrastructure, AI or defence equipment
The supply will begin this year, said Codelco, whose chairman, Maximo Pacheco, met Adani Group chairman Gautam Adani at the conglomerate's headquarters in Ahmedabad
Copper prices have already zoomed in 2025, more so in the US. Will there be more pain in store?
US President Donald Trump had requested the Commerce Department to investigate into potential copper tariffs in February, 2025.
Trump has threatened to impose a duty of as much as a 25% on all copper imports
Traders scrambled to send as much metal to US as possible ahead of the tariffs. This, in turn, reduced the supply in the rest of the world, shooting up copper prices.
The world's fastest-growing major economy, India has launched efforts to secure critical minerals from resource-rich nations such as Congo, Mongolia and Zambia to help energy transition efforts and fill growing demand from its industries.
The move comes as the mining conglomerate seeks to raise funds to ramp up production at one of the world's largest high-grade copper deposits.