FastMarkets

1 week 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.

2 weeks ago | fastmarkets.com | Justin Yang

Due to a procedural error, the latest prices for the US Northeast region was not incorporated into the comparative prices for the quarter. This impacted the calculations for the three markets below. FP-CHP-0036 Chips, Hardwood, delivered US Northeast, Comparative Regional Price, USD/GT, which was published incorrectly at $50 per gross ton. This has been corrected to $48 per ton.

2 weeks ago | fastmarkets.com | Andrea Hotter

Copper smelting growth is likely in the push to secure supply chains, but the market needs to avoid overcapacity, and the mine side needs to keep up, the chief executive officer of German producer Aurubis told Fastmarkets in an interview during the annual CESCO industry week in Santiago, Chile. According to Toralf Haag, smelting capacity is shifting away from customers to where mines are located, for various reasons. “Countries want to be independent.

2 weeks ago | fastmarkets.com | Vlada Novokreshchenova

The introduction of two new green longs prices will further enhance Fastmarkets’ global green steel coverage, providing a critical reference point for European steel producers and international suppliers aiming to sell green steel in Europe. The Northen European market, particularly Nordic countries, are key consumers of green steel in Europe, hence the new premium and the inferred price will be targeted at this region.

2 weeks ago | fastmarkets.com | Andrea Hotter

Codelco stays flexible amid tariffs, but the company is not making any decisions based on short-term situations, the chairman of the Chilean copper producer said on Monday April 7. In an interview during the annual CESCO week in Santiago, Chile, Maximo Pacheco told Fastmarkets that the long-term nature of the copper industry and Codelco’s role as the world’s largest producer meant that staying disciplined was key.