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Norfolk Metals agreed to purchase the Ciclón copper project in Chile for US$55 million. The transaction includes a capital raising of up to US$120 million and a change in company focus.
ForbesThe project advanced in March 2026 after a decade of review. It targets mid-2030s production and $1 billion-plus annual economic impact.
Copper futures have moved in line with technology stocks amid investor expectations that artificial intelligence data centers will increase electricity consumption. The shift marks a departure from copper's traditional role as an industrial economic indicator.
thehindubusinessline.comCodelco announced plans to combine operations at three copper mines to generate $2 billion in combined cost savings and new revenue. The state-owned Chilean company is addressing stagnating output and rising debt.
Barrick Mining reported adjusted earnings per share of 98 cents for the first quarter of 2026, exceeding analyst estimates of 80 cents. Revenue reached $5.22 billion, above the $4.9 billion forecast. The company also declared a quarterly dividend of 17.5 cents per share and maint…
The Japan TimesTheft of water meters used to measure household water consumption is spreading across Japan, with authorities suspecting many are being stolen for resale because they contain copper. In Shizuoka Prefecture alone, 449 meters were reported stolen in March and April from vacant unit…
citizen.co.zaProducers in the Democratic Republic of Congo are reducing cobalt production amid oversupply and shifting investments to copper, where demand is surging. The government has replaced a 2025 export ban with strict quotas of 96,600 tonnes annually for 2026 and 2027. Glencore reporte…
citizen.co.zaThe Democratic Republic of Congo has imposed annual cobalt export quotas of 96,600 tonnes for 2026 and 2027, replacing a 2025 ban, amid sharp price declines from oversupply. Producers are shifting capital to copper, where demand is rising and supply tightening, with Glencore repo…