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The Latest Breaking News from copper

A Mining Legend Says Copper is in the Buy Zone

Copper prices continue to make lower lows after reaching a record $5.01 per pound high in March 2022. The copper market’s technical trend remains bearish, but fundamentals do not support the red metal’s current path of least resistance.

Barchart

Want long-term contraception? There are more effective options than the pill. But they can be hard to find

Australians’ access to a range of contraceptive options depends on where they live and how wealthy they are. A recent parliamentary inquiry recommends ways to end this “postcode lottery” for people who want to use long-acting reversible contraception.

The Conversation

Chile closes state copper smelter that polluted bay for decades

Chile's state-owned copper mining giant Codelco has shut down its Ventanas copper smelter after decades of polluting Quintero Bay with toxic gases and turning it, along with 15 other companies, into an environmental “sacrifice zone.”

The Independent UK

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Raspberry Pi Powers Extremely Overclocked Amiga 1200 Accelerator

In order to push his Amiga 1200 to the limits, Claude Schwarz is extreme overclocking his Raspberry Pi Compute Module 4 and using a Peltier thermoelectric cooler and an Intel NUC copper cooler.

Tom’s Hardware

Brass is copper and zinc, but better. How?

Zinc atoms are slightly larger than copper atoms, which obstructs the flow of copper atoms past each other and prevents the metal from easily deforming under enough pressure.

The Hindu

Copper thieves warned Hunter rampage could cost them their lives

Power poles have been felled in at least two cases.

Newcastle Herald

The falling price of copper is trying to tell us something about a recession

Analysts call it “Dr. Copper” because it often provides a diagnosis for the upcoming recession. The patient isn’t feeling great.

Fortune

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AI could threaten some jobs, but it is more likely to become our personal assistant

BT recently announced that it would be reducing its staff by 55,000, with around 11,000 of these related to the use of artificial intelligence (AI). The remainder of the cuts were due to business efficiencies, such as replacing copper cables with more reliable fibre optic alternatives.

The Conversation

Biden saves Oak Flat Apache site for now

The Arizona mine project won't move forward until more discussions with Indigenous communities.

Salon

Exclusive-Congo to hike stake in copper, cobalt venture with China

The Democratic Republic of Congo aims to boost its stake in a cobalt and copper joint venture with Chinese firms to 70% from 32%, on concerns the deal gives away too much of Congo's resources with little benefit to the country.

Reuters

Water at Yarrabah Aboriginal community health precinct found to have elevated copper levels

Staff have been offered blood testing after tap water at an Aboriginal community clinic was found to have elevated levels of copper.

ABC News

PNY expands their VERTO lineup with the 4060 family of video cards

PNY has announced that their 4060 family of graphics cards will provide a budget friendly entry point into the latest generation of gaming.

Windows Central

Copper theft spikes in south-east Queensland as sporting clubs repeatedly targeted

Police say farms, energy providers, water supplies and community venues are also being targeted, and reports are on the rise.

ABC News

Copper Update - Pretty Fundamentals and Ugly Technicals

Fundamental supply and demand analysis finds support from technical analysis; the case for higher or lower prices can be compelling. It creates market confusion when they diverge, leading to sudden and potentially violent price volatility. Copper’s fundamentals remain bullish, but the technical picture has turned ugly.

Barchart

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Reuters

U.S. Forest Service pauses timeline for Rio Tinto Arizona copper mine

The U.S. Forest Service has told a federal court it is not sure when it could approve a land swap allowing Rio Tinto Plc to develop the Resolution Copper mine in Arizona, a surprising reversal that boosts several Native American groups opposed to the project.

Reuters

UK to ban Russian diamonds, US sanctions target major gold miners

Britain published plans to ban imports of Russian diamonds, copper, aluminium and nickel on Friday and announced new sanctions against Russia, targeting companies connected to the suspected theft of Ukrainian grain.

Birmingham Post

New home for copper manufacturer Metelec

Firm moves to newly developed warehouse on Wolverhampton scheme

ABC News

Copper thieves target telcos, transport, power infrastructure causing $400,000 damage

Powercor and Telstra say their infrastructure has been targeted by copper thieves several times, causing significant damage and a risk to public safety.

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Evening Standard

MSI 2023 final to be held in London this weekend

TT1 and JDG will go head-to-head in the grand final on Sunday, May 21 at Copper Box Arena in the Queen Elizabeth Olympic Park

Reuters

Chile greenlights mining tax reform that boosts government take

Lawmakers in Chile's lower house of Congress gave final approval on Wednesday for a long-awaited mining tax reform that now requires only the signature of leftist President Gabriel Boric, who has publicly backed it, to become law.

Businessweek

The Green Energy Transition Has a Chilean Copper Problem

Codelco is struggling to lift output amid the worldwide push toward electrification.

The Hindu

Can you spot the quantum physics around your house?

The electrons in metallic objects have an effective temperature of tens of thousands of degrees celsius because of the Fermi energy, a concept that illustrates how much quantum physics controls the properties of everyday objects in our homes.

The Canberra Times

On the hunt for historic troughs

Over time, many have been broken or discarded as obsolete, but there are still several hundred scattered around.

Birmingham Post

Penderyn Whisky handed keys to third distillery following completion

The latest Penderyn site is at the former Hafod-Morfa Copperworks near the Swansea.com stadium

Reuters

Chile's senate approves mining royalty bill, passes to final vote

Chile's senate approved on Wednesday a long-awaited new mining royalty bill, passing it back to the lower chamber for a final vote that could come as early as next week.

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