Latest news with #ore
Bloomberg
2 days ago
- Business
- Bloomberg
China Copper Smelters Match Record as Foreign Rivals Falter
Chinese copper production stayed at record levels last month, despite a plunge in the fees charged by smelters, piling the pressure on operations elsewhere in the world that compete for feedstock. Output of refined copper matched the previous month's all-time high of 1.254 million tons, although there was an extra day in May. That pushed volumes over the first five months 8% above last year's level, even as spot treatment charges have turned deeply negative as too much capacity chases insufficient supplies of ore.
Bloomberg
28-05-2025
- Business
- Bloomberg
Chile Copper Miner Offers Chinese Smelters Negative Processing Fees as Talks Start
Chilean copper miner Antofagasta Plc has proposed negative treatment charges for sales to Chinese smelters amid a global squeeze on supplies of ore, according to people familiar with the negotiation. Antofagasta made an initial offer this week at a treatment charge of -$15 a ton for supplies to Chinese clients, the people said, asking not to be identified discussing a sensitive commercial matter. The number was first reported by Mysteel Global.
The Standard
25-05-2025
- General
- The Standard
Congo eyes US minerals deal by end of June, FT reports
A man displays a coltan ore at the SMB mine near the town of Rubaya in the Eastern Democratic Republic of Congo, August 13, 2019. Picture taken August 13, 2019. (Reuters)
Bloomberg
12-05-2025
- Business
- Bloomberg
China's Record Copper Ore Imports Offer Relief Amid Shortage
Chinese copper concentrate imports climbed to nearly 3 million tons last month, a record that's likely to ease price pressures in the domestic market and offer relief to smelters fighting over the availability of feedstock. Spot treatment charges at global smelters are deeply in the red, an unprecedented collapse caused by a rapid expansion in capacity colliding with a global shortage of ore. The heaviest concentration of plants is in China, where output of refined copper has hit all-time highs despite pledges to rein in production to rescue margins.
