Copper: A Disconnect On What the Future Holds

The U.S. mining industry was dealt a devastating blow as Kennecott Utah Copper’s Bingham Canyon Mine experienced a pit wall failure, causing a massive landslide with rocks and dirt covering the bottom of the mine pit. It’s a miracle no one was hurt, due to the vigilance of its owner, Rio Tinto.

The U.S. mining industry was dealt a devastating blow as Kennecott Utah Copper’s Bingham Canyon Mine experienced a pit wall failure causing a massive landslide with rocks and dirt covering the bottom of the mine pit. It’s a miracle no one was hurt due to the vigilance of its owner, Rio Tinto.

By MetalMiner: By Stuart Burns Copper, the perennial driver of the China bull narrative, is beginning to look less firm in the coming years than we have come to expect in the past. Building on a copper presentation we gave at the MetalMiner and Spend Matters Commodity EDGE conference in Chicago last week, we would like to step back from day-to-day copper movements and look at the longer term.

By MetalMiner: By Stuart Burns In the midst of CESCO Conference Week in Santiago, Chile, a potentially crippling strike spreading from miners to port workers threatens to cut supplies from the world’s largest producer.

By MetalMiner: By Stuart Burns Perversely, as base metal prices slide, largely on concerns that China is cooling too much and the country’s consumption of commodities could be depressed for much of this year, iron ore prices have quietly been heading in the opposite direction.

By MetalMiner: By Stuart Burns An article this week in the Financial Times suggests the current rise in copper prices is a result of growing concerns about the ongoing strike at the Escondida copper mine in the Atacama desert in Chile. The suggestion is the Escondida strike, which is entering its sixth day, is raising fears of supply shortages.

By Bob Johnson: It’s Time To Buy Depressed Miners! Fundamentals and Macroeconomic Trends

By MetalMiner: By Stuart Burns