Tag: copper
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Copper Industry Faces Turmoil: Tariffs and Competition Loom
The copper industry is currently facing a period of uncertainty and disruption due to the looming threat of tariffs and increased competition, particularly from China. This situation has put significant pressure on the copper smelting sector, leading to concerns and challenges for industry players. Historically, copper has been a vital component in various industries, including…
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US Tariff Threat Dislocates HG Copper Prices Globally
The recent tariff threat issued by the US administration has caused a significant disruption in the High-Grade (HG) copper market, leading to a surge in prices globally. Following President Trump’s announcement of potential tariffs on copper imports similar to those on aluminum and steel, HG copper futures in New York experienced a sharp increase of…
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Greatland Gold’s Havieron Project: Transformative Progress in Gold-Copper Production
Greatland Gold has made significant strides in the gold-copper production sector, particularly through its Havieron project in Western Australia. Managing director Shaun Day highlighted the first half of the 2024–25 fiscal year as a transformative period for the company. During this time, Greatland finalized the acquisition of Newmont’s Telfer gold-copper mine and a 70% stake…
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Antares Unveils Three New Copper Targets for Drilling at Surprise
Antares Metals, an Australian copper explorer, has recently unveiled three new copper targets for upcoming drilling at their Surprise project in Queensland. These new targets, identified through a combination of geophysical data and historical soil results, are set to be part of the Phase 2 reverse circulation drilling campaign. Situated within Antares Metals’ broader Mt…
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Copper Prices Surge as Trump Considers Tariffs
Copper prices have surged to a nine-month high as speculation mounts over potential tariffs on copper imports by the United States. The futures for copper have maintained levels above $4.75 per pound, driven by remarks made by US President Donald Trump indicating a possible 25% tariff on copper imports. This announcement led to a more…
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Copper Prices Surge on Dollar Decline and China Stimulus Hopes
Copper prices surged to nearly a three-week high driven by a weakening dollar and optimism surrounding potential stimulus measures in China. This increase was observed in both London and Shanghai markets. London Metal Exchange’s three-month copper registered a 0.3% rise, reaching $9,610.5 per metric ton, its highest level since mid-February. Meanwhile, the most active copper…
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Citi Forecasts Sharp Drop in Copper Prices for Q2 2025
Copper prices are expected to experience a significant decline in the second quarter of 2025, according to projections by Citi. The forecast suggests that copper prices outside the United States could drop to $8,500 per metric ton during this period. This anticipated price decrease is attributed to various factors influencing the copper market dynamics. Investors…
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True North Revives Historic Copper Mine with Ambitious Exploration Program
True North Copper is embarking on a significant endeavor to revive the Great Australia mine (GAM), a historic copper mine in Queensland. The company, under the leadership of managing director Bevan Jones, is initiating an ambitious exploration program involving a 15-hole, 2900-meter drill operation aimed at unlocking the untapped mineral potential of the mine. While…
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Copper Prices Soar 5% Amid Trump’s 25% Import Tariff Plan
Copper Prices Surge Amid Trump’s Import Tariff Plan In a significant development impacting the global copper market, prices of the metal experienced a notable surge of over 5% in New York, surpassing other international benchmarks. This surge was triggered by US President Donald Trump hinting at the imposition of a 25% tariff on copper imports.…