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Copper is defying the 'war discount' usually applied to industrial metals, nearing an all-time high on Monday as a brutal supply crunch proves more powerful than the threat of a global recession The three-month contract on the London Metal Exchange climbed as much as 0.5% to $13,643 a ton, its stron

Commerzbank’s Thu Lan Nguyen notes Copper prices are trading close to January’s intraday record despite renewed Iran–US tensions and higher Oil prices. Markets currently anticipate limited economic fallout as long as a Hormuz reopening deal is reached, but prolonged disruption could hurt growth.

Ivanhoe Electric is set to acquire a Crossover XRE Tunnel Boring Machine (TBM) and a material handling system from The Robbins Company to facilitate mine access development at its Santa Cruz Copper Project located in Arizona, US. The post Ivanhoe Electric to buy TBM for Arizona copper project appear

Copper Quest Exploration has commenced drilling at the Rip Copper-Molybdenum Project located in the Stikine region of British Columbia, Canada. The post Copper Quest initiates drilling at Rip Project in British Columbia appeared first on Mining Technology.

Rio Tinto is considering increasing its 17.2% stake in McEwen Copper's Los Azules project in Argentina's San Juan province, according to two industry sources as reported Reuters. The post Rio Tinto in talks to increase stake in Los Azules, Argentina appeared first on Mining Technology.

Commerzbank strategists note Copper has outperformed other base metals, helped by improved macro sentiment around Hormuz and ongoing mine issues. Chilean ore output fell 9% year‑on‑year in March despite a monthly rebound, while Indonesia’s Grasberg mine is running at only 40–50% capacity.

ING’s Warren Patterson and Ewa Manthey note Copper has edged higher, with LME prices back above $13,000/t as markets gauge the durability of the US-Iran ceasefire.

The Democratic Republic of Congo is leading a significant shift in mining strategy as producers cut back on cobalt after prices fell sharply under heavy oversupply and move capital into copper instead. Copper demand is rising fast, driven by AI data centers, electrification, and electric vehicles. B

Commerzbank’s Thu Lan Nguyen highlights that Copper’s supply surplus has widened to about 300,000 tons early this year as production expanded while demand stagnated. February saw a notable demand drop with prices near USD 13,000 per ton.

China’s metals makers booked their strongest quarter since 2016 in January to March, benefiting from consistently higher prices for their products, enjoying an additional boost from the Middle East crisis. Aluminum and copper were the biggest winners, Bloomberg reported earlier today, helping Chines

With smelting capacity tightening, Australia faces a growing gap in processing capacity, one that tech may help address: copper refining The post Technology targets a revival in copper refining appeared first on Mining Technology.