互联网收集(Internet Sources)

High Gold Prices Threaten Demand? This Major Consumer’s Appetite is Impacted

After rising more than 1% on Wednesday, the spot gold price returned to around $2,360 per ounce, with a year-to-date increase of 14%. Yesterday, the World Gold Council (WGC) stated in its “2024 Mid-Year Outlook Report” that gold has performed very well year-to-date, outperforming most major asset classes. However, for the second half of the […]

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Southern Copper to Restart Peru’s Tia Maria Mine Project on Monday, Expected to Produce 120,000 Tons of Copper Annually

Southern Copper, a subsidiary of Grupo Mexico, announced that it will restart the Tia Maria mine project in Peru’s Islay province on Monday. The project had been on hold for years due to environmental concerns from local communities. An internal document released by Grupo Mexico and Southern Copper on Friday informed employees to commence work

Southern Copper to Restart Peru’s Tia Maria Mine Project on Monday, Expected to Produce 120,000 Tons of Copper Annually Read More »

Uzbekistan’s AGMK to Invest $15 Billion to Increase Electrolytic Copper Production

Uzbekistan copper producer AGMK announced on Thursday that it plans to invest $15 billion in expansion to increase its electrolytic copper production from the current 148,000 tons per year to 400,000 tons by 2030. On May 20, copper prices for the power and construction industries hit a historic high of $11,104.50 due to speculative buying

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Indonesia Expected to Become the World’s Fourth-Largest Cathode Copper Producer Next Year

Wenhua Finance reported on June 24, quoting external sources, that Indonesia’s Ministry of Energy and Mineral Resources (ESDM) announced that Indonesia is expected to become the world’s fourth-largest cathode copper producer next year, aligning with the country’s ambition to lead in battery and electric vehicle production. Irwandy Arif, an expert staff at ESDM’s Mineral and

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Ecuador Set to Approve Mirador Copper Mine Expansion

Wenhua Finance, June 20 – According to foreign media reports, the Ecuadorian government is in the final stages of approving the expansion of the Mirador copper mine. Deputy Mining Minister Diego Ocampo stated that his office is completing the review of the project’s documents, adding that he hopes to sign the expansion plan in about

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Codelco Asserts Ability to Reverse Declining Copper Production Trend

Global copper production giant Codelco’s new boss insists the company will reverse its significant production decline this year despite struggling with $20 billion in debt. Codelco’s copper production fell from 1.618 million tons in 2021 to 1.325 million tons, the lowest in 25 years. The company faces delays in four major projects needed to extend

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Ero Copper’s Tucumá Project Scheduled to Begin Production in Early Q3

Wenhua Finance reported on June 12 that the Tucumá project in Pará, Brazil, will begin operations next month after receiving its operating permit. Ero Copper stated in a press release on Wednesday that the project’s actual completion rate is approximately 99%, with commissioning work progressing smoothly and over 90% of operational staff hired and trained.

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High-Grade Mineralization Discovered in Drilling at Horden Lake Project, Canada

Pivotal Metals has reported high-grade mineralization in its follow-up drilling at the Horden Lake project in Quebec, Canada. Key mineralization findings include: 21.5 meters at a depth of 266 meters with a copper equivalent grade of 0.98%, including 7.2 meters with a copper equivalent grade of 1.56%. 17 meters at a depth of 203 meters

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Surpassing the Euro, Challenging the Dollar! Gold Accounts for 18% of Global Reserve Assets

Gold Rises Again, Surpassing the Euro and Challenging the Dollar Gold has not only become the hottest asset this year but also its status in international reserves has risen. According to media data on Friday, since 2009, central banks have been heavily buying gold, and with rising gold prices, its share in global international reserves

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New Project Approval to Boost Peru’s Copper Production to 4 Million Tons in Coming Years

According to foreign media reports on June 2, Peru’s Minister of Energy and Mines, Rómulo Mucho, announced the approval of the technical report related to the expansion project of the Cerro Verde copper mine. Cerro Verde, located in the southwestern region of Arequipa, accounts for nearly 19% of Peru’s copper production and 34% of its

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