Andrea Hotter

2 weeks ago | fastmarkets.com | Andrea Hotter

The order, signed on Thursday April 24, focused on fast-tracking exploration and mining licenses, mapping the US outer Continental Shelf, and determining the potential commercial opportunities. It also asked the Department of Defense to assess the feasibility of adding seabed minerals to the national defense stockpile.

1 month ago | fastmarkets.com | Andrea Hotter

Speaking in an interview, Katie Jackson – who was appointed to her role in September 2024 after a career in the energy markets – said that her professional background allowed her to see comparability to mining. She gave her insights into how tariffs create volatility in the copper market but a long-term conviction still remains.

1 month ago | fastmarkets.com | Andrea Hotter

The annual CESCO industry week in Santiago – the capital of Chile, the world’s largest copper producing nation – drew to an end on Friday April 11. Many copper producers returned home with little more clarity than they had at the start. That’s hardly a surprise. The week has seen the introduction of reciprocal tariffs by the US on imports from about 90 countries, before a 90-day pause was announced. Copper was exempt from these tariffs, as well as from a universal 10% tariff that remains.

1 month ago | fastmarkets.com | Andrea Hotter

What is the impact of tariffs on Freeport-McMoRan’s copper production and growth? Freeport-McMoRan’s US copper production would be at risk if tariffs lead to an economic recession and weak copper prices, Kathleen Quirk, the company’s chief executive officer, said in an interview. “Our US mines are highly sensitive to the price of copper.

1 month ago | fastmarkets.com | Andrea Hotter

When considering the future of copper mining, the world needs 80 new sizable copper mines by 2040. This makes it critical to focus on the structural supply-demand gap and not current geopolitical trade tensions, Anglo American Chile’s chief executive officer said. “We estimate that we’re going to need 80 mines the size of Los Bronces by 2040, and 2040 is around the corner.