Global copper markets were hit hard after Freeport-McMoRan Inc. declared force majeure at its Grasberg mine in Indonesia, the world’s second-largest copper operation. A massive mud flow led to the ...
LONDON (Reuters) -Metals analysts are cutting their estimates of global copper supplies for this year and next after an accident at the giant Grasberg mine dramatically tightened the outlook for the ...
The IEA warns that global copper demand could exceed supply by up to 30% by 2035, driven by electrification, AI expansion, and clean energy deployment. China’s surge in refined copper output and ...
Booming demand for copper is driving a spate of mining megadeals, in a rush to secure more of a metal essential to powering artificial intelligence. Rio Tinto and Glencore said late Thursday that they ...