Yet, while the biggest miners are universally bullish on the outlook for copper, there are few new projects on the horizon, constraining future supply.
Producers worry that plans to boost mining royalties could stifle investment and make the country less competitive
Copper, a bellwether for the global economy, rose as much as 2.4% to $9,780 per tonne in London
The 2020s are expected to be the strongest phase of volume growth in global copper demand in history: report
Copper needs a decisive breakout below 657 for sellers to get active
For Copper sellers to gain upperhand, they must breach the support of 668 levels
The claim, centering on pollution from the Nchanga Copper Mine, was brought by more than 2,500 Zambian villagers against KCM
Benchmark copper on the London Metal Exchange (LME) traded up 0.5 per cent at $7,784.50 a tonne in official rings, nearing Friday's peak of $8,028, its highest since 2013
Raw material prices like steel,aluminium, copper and rubber are increasing with the full impact of cumulative increases to be felt in Q3 and Q4 of this financial year
Canadian mining company Turquoise Hill Resources Ltd is locked in a feud with its largest shareholder, Rio Tinto Plc, over the underground expansion of its massive Oyu Tolgoi copper mine in Mongolia
Zinc, aluminium poised for correction as prices move ahead of fundamentals
India is investigating imports of copper tubes and pipes from Malaysia, Vietnam and Thailand, to determine whether producers in these countries were receiving unfair subsidies, the government said
The probe covers imports shipped between April 1, 2019 and March 31, 2020
Out of the total deliveries of metal, aluminium accounted for 30,771 tonnes, copper 24,852.50 tonnes, lead 10,517 tonnes, nickel 3,646.50 tonnes and zinc 37,027 tonnes
Negative divergence (RSI_14) on daily scale is being seen in Copper since July-end
With this partnership, the companies have moved towards import substitution; Hindustan Copper is the only producer of concentrate in India
Lead has made narrow-bodied candles around 158-159 zone
Copper prices are far from 20 DMA and, historically, we have seen mean reversion happens when prices run too far from 20 DMA
Copper has made 'harami' candlestick pattern on daily scale which is a sign of reversal
The US non-farm payroll data later in the day could either make gold break the $1,800 level and start fresh momentum on the upside or make the intermediate top