CODELCO COPPER PRODUCER
Mundra to Chile, Adani amps up the volume of its heavy metal rock
Adani Group has signed an agreement with Codelco to explore a copper project in Chile. This partnership aims to ensure a secure supply of copper for its operations in Mundra, Gujarat. The agreement comes amid rising copper demand in India and a need for more imports.
Adani eyes Chile's copper riches: Kutch Copper and Codelco sign MoU to explore Kaburkaala project
Adani Group's Kutch Copper Ltd has signed an MoU with Chile's state-owned Codelco to explore the Kaburkaala copper project in northern Chile. The partnership aims to combine Adani's investment and technical capabilities with Codelco's geological expertise, potentially securing long-term copper supplies for the group's Mundra smelter as India seeks to strengthen its domestic copper supply chain.
Copper hits record high, UltraTech’s Ultravolt on the offensive: A double whammy for cable makers in FY27?
Copper prices have soared to unprecedented levels, creating ripple effects on manufacturing expenses worldwide. UltraTech's Ultravolt is making bold strides into the Indian wires and cables sector, creating a competitive landscape for established manufacturers in fiscal year 2027. As a response to escalating input costs, companies are enacting price hikes, raising investor apprehensions about increased competition and dwindling profit margins.
Hindustan Copper plans capital investment of over Rs 7,000 cr over next 5-6 yrs
Hindustan Copper plans significant capital investment over the next five to six years. This expansion drive includes exploration and mine revival initiatives. The company is also pursuing strategic partnerships for growth opportunities. Rising domestic copper demand fuels these ambitious expansion plans. Hindustan Copper aims to bolster India's mineral security through these efforts.
Hindustan Copper eyes Chile mines, plans concentrate sales to Hindalco, Adani
Hindustan Copper plans to sell copper concentrate from acquired mines to Hindalco and Adani. The company is also discussing a joint venture with Chile's Codelco for mining operations. India's mines secretary confirmed discussions for four copper mining blocks from Codelco. Due diligence is ongoing for a potential joint venture with partners like Coal India. Mining operations are expected to commence within a decade, securing future supply.
Copper hits one-month high as US-Iran talk hopes lift metal prices
Copper prices hit a one-month high as renewed hopes for US-Iran dialogue lifted sentiment across global commodity markets. LME and Shanghai copper futures jumped, supported by stronger Chinese demand, tighter supply conditions and a softer US dollar. Other base metals, including aluminium, nickel and zinc, also advanced amid improving risk appetite.
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Hindustan Copper eyes Navratna status, says CMD
Hindustan Copper Ltd is aiming for Navratna status. This recognition signifies improved operations and strategic growth. The company is aggressively expanding its mining capacity. It plans to reach 12.2 million tonnes per annum by 2030. This expansion includes technological advancement and sustainability. Hindustan Copper is also partnering with CODELCO to broaden its global reach.
Codelco, Microsoft sign AI deal for mining operations
CODELCO-Codelco, Microsoft sign AI deal for mining operations
Adani’s $1.2 billion copper smelter caught up in global ore shortage
Gautam Adani's new $1.2 billion copper smelter in Gujarat is operating at a fraction of its capacity due to a global ore supply shortage. Kutch Copper Ltd. has imported less than a tenth of the required raw material, facing challenges from mine disruptions and China's expanding smelting capacity.
Adani's new copper smelter in India applies to become LME-listed brand
Adani Enterprises' new copper smelter in India, boasting a 500,000-ton annual capacity, has applied for LME listing amidst shrinking smelting margins. The $1.2 billion Kutch Copper facility, expected to begin smelting in May, aims to reduce India's reliance on copper imports. Codelco will supply copper concentrates to the smelter.
World's largest copper producer known for its breathtaking views may suffer from Trump's tariff bombshell
Chile, the world's top copper producer, faces uncertainty following the US president's proposed 50% tariff on copper imports. Codelco seeks clarity on affected products and countries, as copper prices surge. While the US is a buyer, China dominates refining, and Chile awaits official communication from the White House regarding the tariffs.
Hindustan Copper shifts to underground mining, plans to double output amid surge in infra demand
Hindustan Copper Limited (HCL) has transitioned its Malanjkhand mine to fully underground operations, aiming to triple production by 2030-31 to meet surging domestic demand fueled by AI and data centers. HCL has also partnered with Codelco of Chile to enhance exploration and operational capabilities. This expansion aligns with India's vision for industrial growth and self-sufficiency in copper production by 2047.
Hindustan Copper plans Rs 2,000cr capex for core expansion by FY31, excludes PPP projects
Hindustan Copper Ltd. (HCL) will invest approximately Rs 2,000 crore over the next five to six years to expand its mining operations, primarily focusing on the Malanjkhand Copper Project in Madhya Pradesh.
Tariff risk unleashes record copper shipments bound for US
Top commodities traders are redirecting shipments from Asia to the US, driving up the copper prices domestically and causing a supply reshuffle worldwide.
Codelco Q1 Results: World's largest copper producer's pre-tax profit sinks 29%
Codelco has been battling to boost its production, which has fallen for two straight years to reach a quarter-century low, despite delays, cost overruns and accidents.
Latin America's troubled state companies lure bond investors
"The government won't want to make a political crisis. Nobody is interested in that," said Peter Varga, a senior portfolio manager at Erste Asset Management GmbH. "It's cheaper to kick down the can on the road, so they'll always help a bit just to avoid default."
Copper retreats as China COVID worries dampen stimulus hopes
Copper rose sharply on Thursday following a Bloomberg News report saying China was considering allowing local governments to sell $220 billion of special bonds in the second half of this year to boost infrastructure funding.
Copper drops to 16-month low as economic slowdown fears mount
The most-traded July copper contract in Shanghai slipped 2.9% to 66,030 yuan ($9,848.02) a tonne by the midday break, hitting its lowest since late-August.
London copper drops to nine-month low on recession fears
China left its benchmark lending rates for corporate and household loans on hold, with global central banks' rate increases making it tough for Beijing to stimulate a weak domestic economy by lowering rates. Last week central banks including the U.S. Federal Reserve raised interest rates to contain soaring inflation, reigniting worries over potential global recession.
Top copper nation gets tough on water with BHP in crosshairs
Mines that dot the parched Atacama desert are coming under increasing scrutiny for their use of water, with lithium giant Soc. Quimica & Minera de Chile SA facing a Supreme Court ruling after community complaints.
Copper's free fall to continue: Hedge funds
Prices for the metal used in everything from homes to cars to appliances are stuck in the worst slump in more than two years.
As copper runs low, producers turn ideas to boost output of metal
The new technologies offer a wide range of creative, and sometimes cheaper, options to produce a metal used in air conditioners.
Copper traders turn bullish as US, China economies seen gaining
Hedge funds' bets on a rally are near the biggest in 14 months, US Commodity Futures Trading Commission data show.
Copper surges on demand speculation
Copper rose in New York, rebounding from the biggest drop in seven weeks, on speculation demand will remain firm.
Shanghai copper up, LME tin hits record
Shanghai copper futures rose on Wednesday after London futures came within 2 percent of a record high overnight as investors gambled that a weak dollar and supply problems would outweigh slowing Chinese imports.
World's biggest copper producer crippled by strike
Chilean state-run mining group Codelco, the biggest copper producer in the world, was struggling on Tuesday with a strike that has halved its output and is costing it 10 million dollars a day.
Strike shuts down world's largest underground copper mine
The world's largest underground copper mine has been shut down due to a strike by subcontract workers, the Chilean state mining company Codelco has said.
Wary investors take copper prices down
Copper dropped, posting the largest three-day loss since October 2004 as investors speculated prices are still exaggerated given a weaker demand outlook for the metal used in wires and pipes.
China holds the futures key to copper party
Is the party over for copper? The answer depends on whom you ask. Copper fell to a five-month low last week. The bears are pointing towards data that shows that supply might be finally catching up with supply.
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