Copper mine expansion needed to meet electrification goals
The number of copper mines globally would need to increase by 55% to meet electrification transition goals, a new report published by the International Energy Forum has found. To support current trends, 115% more copper would need to be mined over the next 30 years than what has been mined historically, the report showed.
Tech selloff kneecaps copper and the world's largest gold deposit gets a critical permit
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Phoenix Copper renews Redcastle option with Electra Battery
Phoenix Copper Ltd (AIM:PXC, OTCQX:PXCLF) has renewed Electra Battery Materials' option over the Redcastle Cobalt Property with an extension to the two main exploration expenditure commitments by two years, to 2026 and 2028 respectively. This amendment will require Electra to spend US$1.5 million on exploration or other works by the third anniversary date of May 21, 2026; with an additional US$1.5 million to be spent by May 21, 2028.
Why copper prices have dropped over 20% from record highs in just two months
Copper settled Wednesday at the lowest price in more than three months, marking a drop of more than 20% from record highs in May, as weakness in China's economy fed expectations for a fall in demand for the industrial metal.
Copper is walloped and a strongly-opposed mine and project may both have a path to production
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Miner Grupo Mexico's net profit jumps 34%, boosted by copper output
Mining and transport conglomerate Grupo Mexico on Monday reported a 34% increase in net profit during the second quarter, landing above analysts' forecasts at $1.122 billion.
Expensive, extremely complex and fraught with risk - MJG Capital Matt Geiger on copper hurdles
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Barrick gold sees increase in gold, copper production in Q2
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
'They take the stairs up, but they always take the elevator down' - Gianni Kovacevic on copper's run
Copper has had a great run in 2024, hitting an all-time high of $5.20 pound in May. Although he is a copper bull, Kovacevic said it is too much, too fast. He views the recent run as being driven by speculators.
Thor Energy sees signs of high-grade copper in Colorado samples
Thor Energy said reconnaissance sampling at its projects in Colorado identified new anomalies and a first indication of high-grade copper. That was at the Edna Mae prospect in the southern portion of the Wedding Bell mining claims, where rock chip sampling returned up to 5,425ppm (0.54 %) uranium, 1.6 % vanadium, 100g/t silver and 2.74 % copper.
CPER: New All-Time Highs In Copper And A Correction
Copper reaches record high, highlighting its growing importance in the global market. Copper futures have been on an upward trajectory since a significant correction in 2022. Upside target for copper is over $6.80 per pound, with potential for significant gains in the long term.
Why there's a massive copper shortage
Existing mines and projects under construction will meet only 80% of copper needs by 2030, according to the International Energy Agency.
