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.
Codelco, Microsoft sign AI deal for mining operations
CODELCO-Codelco, Microsoft sign AI deal for mining operations
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.
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.
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.
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 surges on demand speculation
Copper rose in New York, rebounding from the biggest drop in seven weeks, on speculation demand will remain firm.
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.
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