#Indonesia: The government may yet again shelve its plan to impose a complete ban on raw material exports after acknowledging slow progress in the nation’s smelter development.
– See more at: http://www.thejakartapost.com/news/2016/02/15/slow-progress-smelters-puts-planned-export-ban-question.html#sthash.KgdkeXbB.dpuf
#China’s demand growth is slowing. Our #Western demand is not as good as we and others had hoped it would be, but it’s still expanding gradually.
#Copper business differs from other commodities in that there is not an enormous excess supply in inventories.
Exchange stocks not rising significantly, remaining low by historical standards, at a time when the copper price has gone from $2.88 to $2 from the end of 2014 to the current date. It is — even looking at the decline in prices so dramatically since the third quarter, inventories are not building. The story is fundamentally, in today’s world, the business we’re seeing is not as negative as the financial markets are reacting to it.
Read more at: http://www.fool.com/investing/general/2016/02/11/freeport-mcmoran-inc-the-copper-market-isnt-as-bad.aspx
While #Copper faces a mixed picture in the near term, the long-term copper story revolves around #CleanEnergy and the voracious growing global appetite for energy.
Read more at: http://seekingalpha.com/article/3886206-high-grade-copper-district-call-option-clean-energy-revolution
A judge in #Brazil’s state of #Minas #Gerais has frozen 470 million reais ($118 million) of assets owned by #Vale SA and 1.8 million reais linked to #BHP Billiton Ltd to ensure payment of damages related to a deadly dam rupture, Rio de Janeiro’s O Globo newspaper said on Thursday.
Read more at: http://www.reuters.com/article/brazil-damburst-vale-sa-bhp-billiton-ltd-idUSL2N15Q385
#Peru is likely to surpass #China as the world’s second-largest #Copper producer after the South #American country’s biggest new mine, #LasBambas, began shipments last month, #BMI Research said.
Read more at: http://www.bloomberg.com/news/articles/2016-02-10/peru-forecast-to-surpass-china-in-copper-output-as-mine-opens
#Beijing and #Moscow could retaliate against the West by creating a #RareEarth Metals cartel that would deprive certain industries of critically necessary materials.
Read more at: http://www.russia-direct.org/opinion/will-russia-and-china-set-rare-earth-metals-cartel
#JAKARTA: #Indonesia on Wednesday granted #Freeport-McMoRan Inc a new six-month export permit for shipments from one of the world’s largest #Copper mines, ending a near two-week stoppage due to a dispute over payment for a new metal smelter.
Read more at: http://www.reuters.com/article/us-indonesia-freeport-exports-idUSKCN0VJ0EI
#Australian #Nickel miners are under increasing pressure to suspend or cut production, with investors eyeing key announcements in coming weeks after rival producers in #NewCaledonia won a pledge of support from #France.
Read more at: http://www.reuters.com/article/us-nickel-mine-supply-idUSKCN0VJ0FO
The #UnitedStates earned less from its #Mines in 2015 and became more reliant on outside sources for critical metals, according to a new report from the #US #Geological Survey (USGS).
The data comes from statistics gathered by the #USGS on about 90 mineral commodities considered essential for the U.S. economy and national security.
Read more at: http://www.mining.com/value-of-u-s-metal-mine-production-drops-15/
#France committed on Saturday to support the #Nickel sector in the #Pacific territory of #NewCaledonia which has been severely hit by a slump in prices amid a mounting supply glut.
Read more at: http://www.reuters.com/article/france-nickel-idUSL8N15L0MD
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