Near record high LME prices a magnet for Chinese copper exports
China’s copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, aiming to cool a rally that has propelled prices towards record highs and hit their order books, three industry sources said.
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Major Chinese copper trader sees glut weighing on prices in 2024
Mining News Pro - The global copper market will face a glut next year, according to one of China’s biggest traders of the metal, which will likely lead to further declines in the commodity that’s vital to the energy transition.
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Codelco proposes 33% price hike for Chinese copper buyers for 2023
Mining News Pro - Refined copper stockpiles in Shanghai Futures Exchange and bonded warehouses combined were at 84,164 tonnes on Friday, not far from October’s record low of 72,159 tonnes.
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Peru community wants its land back, threatening Chinese copper mine
Mining News Pro - The community of Fuerabamba in the Andean region of Peru was resettled eight years ago to make way for a giant Chinese-owned copper mine, in a $1.2 billion scheme billed as a model solution to protests dogging the South American nation’s mining sector.
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Sandfire denies Chinese copper import ban
Mining News Pro - Sandfire Resources has responded to speculation that China is considering a ban on Australian copper imports, stating that it is “not aware of the reasons for the reported potential ban”.
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Bright 2020 outlook for Chinese copper demand
Mining News Pro - Chinese copper stocks are returning to favour as the outlook for demand brightens, with a late spurt delivering the best annual gain in half a decade for the largest, Jiangxi Copper Co, reports Bloomberg.
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