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Freeport-McMoRan Sites Awarded the Copper Mark for Responsible Production Practices Dec 24, 2020 8:25 AM ET Tweet This: Article Freeport-McMoRan is pleased to announce the Copper Mark has been awarded to its first three sites: the Cerro Verde mine in Peru, the El Abra mine in Chile and the Atlantic Copper smelter and refinery in Spain. Read the full news release on fcx.com. The Copper Mark is a new, comprehensive assurance framework that promotes responsible production practices and demonstrates the industry s contribution to the United Nations Sustainable Development Goals. It is the first and only framework developed specifically for the copper industry and enables each site to demonstrate to customers, investors, final manufacturers and other stakeholders their responsible production performance. ....
ADVERTORIAL Thursday, 31 December 2020 05:26 The Importance of Copper in China s Economy );} Copper prices have rebounded strongly since hitting an 11-year low in March. After briefly trading below 2 dollars per pound, the metal has recovered 50 percent of its value, as demand from China soars and COVID-19 hits supply from South America. By Sachin Patel, Senior Director, Metals at CME Group China’s manufacturing and construction sectors, which consume around half of the world’s copper, have posted a strong recovery from the COVID-19 shutdown earlier in the year, with factory activity in June growing at its fastest rate since December. This recovery was reflected in a 50 percent month-on-month increase in unwrought copper imports by China in June to a record high of 656,483 tonnes, just over double the level imported in the same month of 2019. For the first six months of 2020, copper imports totaled 2.84 million, a 25 percent increase on the same ....
Freeport-McMoRan copper sites awarded Copper Mark for responsible production practices Freeport-McMoRan Inc. (FCX) announced the Copper Mark has been awarded to its first three sites: the Cerro Verde mine in Peru; the El Abra mine in Chile; and the Atlantic Copper smelter and refinery in Spain. The Copper Mark is a new, comprehensive assurance framework that promotes responsible production practices and demonstrates the industry’s contribution to the United Nations Sustainable Development Goals. It is the first and only framework developed specifically for the copper industry and enables each site to demonstrate to customers, investors, final manufacturers and other stakeholders their responsible production performance. ....
Richard (Rick) Mills Ahead of the Herd As a general rule, the most successful man in life is the man who has the best information. Copper, the most critical metal [Note: all dollar amounts in USD] In 2018, before the trade war between the US and China put the boot into to copper demand, and covid-19 mine closures/abandoned expansion plans crimped supply, we made a bold prediction: that copper supply is NOT going to be able to keep up with demand in the long-term. Here’s what we wrote, in The Coming Copper Crunch: Even with expansions at existing mines and the ramp-up of the relatively few new copper mines like Cobre Panama, Radomiro Tomic and Toquepalain, it will not be enough to meet the onslaught of demand that is coming from China as it continues to modernize and urbanize, and electric vehicles, which use three times as much copper as regular ones. In 2016 Chinese automakers sold 28m cars. If China follows through on its promise to go 100% electric, th ....
Southern Copper (NYSE:SCCO), and the U.K. s Antofagasta (OTC:ANFGF) are all hoping to see. The three stocks represent an oft-underappreciated way to invest in the transition. Here s why. The case for copper The long-term demand case for copper is quite simple and was highlighted by Freeport-McMoRan on its recent third-quarter earnings call presentation. Management cited figures from the International Copper Association (ICA) outlining that electric vehicles (EV) used up to four times the amount of copper as internal combustion engines. In addition, using renewable energy to fuel power generation requires four to five times the amount of copper as using traditional fossil fuels. ....