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Tag: Copper

Global copper supply expected to be 30% below demand by 2035, warns IEA

Concerns Over Copper Supply in Transition to Low-Carbon Energy Global Energy Watchdog reports that the demand for copper, crucial for advancing toward a low-carbon future, is expected to outstrip supply within the next decade. Currently, a significant shortfall of 30% is projected in the metals required for energy systems by 2035, as indicated by analysis […]

Trader who earned $1.5B on gold places large wager on copper prices

The enigmatic Chinese billionaire, often hidden from the public eye, is now placing significant investments—around $1 billion—amid rising tension between the US and China. Bian Shimming, who initially amassed his wealth through plastic tube manufacturing, has shifted to a quieter lifestyle in Gibraltar. He’s betting on a global strategy aimed at mitigating concerns over the […]

Floppy discs and copper strips: Newark issues suggest a potential risk of another FAA disaster

Recently, there have been multiple communications and radar issues in air traffic control, raising fresh concerns about safety in U.S. airspaces and runways. The Federal Aviation Administration confirmed that there were telecommunication problems at the air traffic control tower and radar facility at Philadelphia International Airport on Friday. Similar issues occurred at the radar facility […]

Copper prices increase as US-China trade agreement takes shape.

Copper prices experienced an uptick on Friday, driven by ongoing worries about inflation and a rollback from a brief US-China trade ceasefire, reflecting concerns over slowing global growth. At COMEX, copper prices climbed by 1.3% in July, reaching $4.68 per pound ($10,296 per tonne). The London Metal Exchange saw prices rise close to their highest […]

Islanders are worthy of pursuing Jon Copper as their next GM.

The Islanders should be able to attract top-tier candidates thanks to the executive suites available. Maybe that’s already in the works, or perhaps it’s all happening behind the scenes. Since parting ways with Lou Lamoriello, who is still listed as president, general manager, and alternate governor, it feels a bit like there’s a repetitive cycle—one […]

Copper demand continues to rise as prices boom

Clayton Walker, Chief Operating Officer of Rio Tinto's Copper Products Group, said on more copper mines and production needs in the US. HERIMAN, Utah – Utah demand for copper is set to double over the next decade, but the country lacks production to meet its demand unless measures are taken to ease restrictions on new […]

Chile: Major Power Outage Leaves 19M Without Electricity, Affecting Largest Copper Mine

People walk to take public transport after the subway was closed in Santiago, Chile on February 25, 2025, when the subway affected a massive blackout. (Photo: Marcelo Hernandez/Getty Images) OAN Staff James Meyers3:37pm – Tuesday, February 25th, 2025 A massive blackout in Chile left at least 19 million residents without electricity on Tuesday, forcing Chileans […]

Trump directs investigation preceding potential copper tariffs

President Trump on Tuesday directed the Secretary of Commerce to investigate the need for possible copper tariffs. It is the latest industry that could be a target for Trump's sweeping trade agenda. “Like our steel and aluminum industry, our great American copper industry has been smashed by global actors attacking our domestic production,” said Commerce […]