More than 100,000 tonnes of aluminium were delivered into London Metal Exchange warehouses in Gwyangyang, South Korea, on the morning of Wednesday February 8

European copper premiums continued to respond to the unprecedented increase in long-term contract levels in the week to Tuesday February 7, while those in China faced downward pressure due to limited buying and there was no movement in the US

Copper market participants have told Fastmarkets that European demand for the red metal in 2023 is “not all doom and gloom,” although the market will face problems

Buying appetite in China for high-purity copper scrap of overseas origin is expected to remain strong in 2023, with questions over the supply of domestic scrap in the country, and a growing trend to repurpose scrap materials as part of the decarbonization movement across the world

Leading mining companies have recently expanded their exposure to copper via acquisitions rather than through greenfield investments, but new projects are needed to feed an expected rise in demand amid global energy transition trends, market experts have told Fastmarkets

Nonferrous scrap export volumes from the United States rose in October, with decreases in used beverage cans (UBCs), nickel and zinc scrap being offset by increases in aluminium, copper and lead scrap, according to the latest data from the US Department of Commerce. In year-to-date comparisons, however, only exports of aluminium scrap declined

Copper scrap discounts in the United States were stuck in a holding pattern on Wednesday December 7, while brass prices consolidated recent gains amid rising prices on The Commodity Exchange (Comex)

Recycling and sustainable production have become topics that mining companies have had to face up to, the audience at Mines and Money’s Resourcing Tomorrow conference heard

Anglo American and Germany-based Aurubis have signed a memorandum of understanding (MoU) to jointly develop a solution that will ensure copper, a key commodity in energy transition, is traceable and sustainably produced, the London-based miner announced on Thursday, November 24

Recent disruptions to Peruvian mines have raised concerns about social tensions reducing the attractiveness of the industry to investors, but market participants told Fastmarkets that they still rate Peru highly as a copper mining hub