Mining News

  Copper: about US$14,370/t on COMEX, US$14,250/t on LME Copper ends the week near a two-week low. COMEX is about 3% lower on the week, and LME closed at US$14,253.50/t on 1 October, about 4% below its September record. A fading US tariff premium and a hawkish Fed outweighed fresh supply risk in Chile, where […]

  Market Overview Copper climbed back to record territory this week, then eased as the Federal Reserve outlook took over. The rebound followed a sharp mid-month correction. On 14 September, LME three-month copper dropped to a session low of US$14,018.50/t, its weakest level since 20 August. It later touched US$13,958/t (US$13.96/kg), about 6% below the […]

  New geological insights from Geoscience Australia’s Delamerian Project have strengthened the case for South Australia as a major future source of copper, gold and critical minerals, highlighting the prospectivity of a vast, largely undercover region extending across South Australia and neighbouring states. By integrating extensive geochemical, geophysical and drilling datasets, the project delivers a […]

  Market Overview Copper spent the week consolidating below US$14,100/t after last Thursday’s sharp reversal from a record US$14,875/t (US$14.88/kg), as the market priced a growing probability that the US refined-copper tariff will be delayed or shelved. Benchmark three-month LME copper opened the week at US$14,065/t (US$14.07/kg), down 1.2% on Monday, and touched US$14,018.50/t, its […]

Market Overview Copper set fresh records this week before retreating sharply as doubts emerged over the US tariff plan that has distorted global inventories and pricing. LME three-month copper broke January’s previous high on Monday, reached US$14,779/t on Tuesday and touched US$14,875/t early on Thursday. It then fell 3.1% to US$14,312/t after Reuters reported that […]

  Market Overview Copper spent the week consolidating below the record set on 25 August, when COMEX futures touched the equivalent of US$14,770/t (US$14.77/kg) and LME three-month metal came within reach of January’s US$14,527.50/t high. The retreat gathered pace on Tuesday, 1 September, when a firmer US dollar and rising bets on Federal Reserve rate […]

Copper traded at record territory this week before easing as the acute LME physical squeeze began to unwind. The market remains exceptionally tight, but pricing is being shaped as much by tariff positioning, exchange-stock movements and geopolitical disruption as by underlying demand. Market Overview COMEX September copper reached an all-time high of US$6.7775/lb (US$14.94/kg; US$14,940/t) […]

  PanAust Limited is one of the International Copper Association Australia’s most geographically diverse members – an Australian-incorporated copper and gold producer whose flagship mine in Laos has been running for close to two decades, and whose next major project, Frieda River in Papua New Guinea, ranks among the largest undeveloped copper-gold deposits in the […]

  Copper’s week was defined by the unwinding of a historic London Metal Exchange squeeze, a still-unresolved decision on whether US tariffs will be extended to refined cathode, and a widening gap between where metal is physically sitting and where genuine demand actually stands. Prices below are quoted in US dollars per kilogram (US$/kg) and […]

  Market setting Copper spent the week consolidating after last week’s record spike, when COMEX copper touched an all-time high of US$6.90/lb (US$15.21/kg, US$15,212/t) on 6 August. Trading Economics and wire pricing show the most-active COMEX contract easing back into a US$6.58–6.70/lb band (US$14.51–14.77/kg, roughly US$14,510–14,770/t) through the week to 13 August, with the metal […]

Copper broke decisively higher this week, driven by an escalating supply scare out of the Democratic Republic of Congo, aggressive tariff-driven stockpiling in the United States, and a resilient structural demand story tied to electrification and grid investment. After a month of consolidation, COMEX and LME benchmarks both pushed to fresh multi-month or record highs […]

      Copper remained elevated through the week ending 31 July, supported by tight mine supply, constrained concentrate availability and resilient long-term demand linked to electrification, grid investment and digital infrastructure. At the same time, war-related macro pressures, tariff uncertainty and uneven regional growth kept sentiment volatile and reinforced the view that copper is […]