Copper market fragile amid supply issues, zinc oversupplied

The current supply situation in the copper market remains fragile amid the current supply situation. Copper prices saw a temporary surge of nearly 5% after the operator of Indonesia’s key Grasberg mine declared force majeure on its contracted supplies earlier this week. The production at the mine had to be halted due to an accident at the beginning of the month. “At least since the treatment and refining charges at copper smelters had virtually collapsed – indicating a shortage of raw materials –...

Teck Resources Slashes Guidance Across Operations Following Operational Issues

thedeepdive.ca - 08/Oct 13:04

The copper market continues to get tighter. Teck Resources (TSX: TECK.b) this morning became the latest copper producer to reduce copper production...

Freeport Indonesia says search for five trapped Grasberg workers still ongoing

thestar.com.my - 02/Oct 05:29

JAKARTA (Reuters) -Miner Freeport Indonesia said on Thursday that the search for five missing workers at the Grasberg copper and gold mine was still...

ASX copper plays cash in as supply fears grow

stockhead.com.au - 01/Oct 20:32

A major supply shock could take close to 600,000t of copper metal out of the global market, presenting an opportunity ...

India’s oil refiners thrive on excess Russian crude amid geopolitical shifts

wn.com - 06/Oct 16:35

India’s oil refiners are currently experiencing a robust supply of Russian crude in the global market, a situation largely attributed to recent...

India’s oil refiners thrive on excess Russian crude amid geopolitical shifts

wn.com - 06/Oct 16:35

India’s oil refiners are currently experiencing a robust supply of Russian crude in the global market, a situation largely attributed to recent...

OK Zimbabwe posts R500 million loss as revenues halve amidst tough retail conditions

dailynews.co.za - 30/Sep 11:33

Tawanda KaromboZimbabwe’s largest retailer, OK Zimbabwe, has reported a sharp slump in earnings, with full-year revenues to March 2025 plunging 53%...

Canada’s factory activity shrinks sharply in September as trade talks stall

wn.com - 01/Oct 18:09

Canada’s manufacturing sector contracted at a quicker rate in September, driven down by lower output and new orders amid an uncertain trade...

Local Refining Capacity Helps Nigeria to Meet its Domestic Demand, Serves as a Dependable Supplier of Refined Products- Lokpobiri

energyfocusreport.com - 08/Oct 03:39

Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources, (Oil) …West African Fuel Reference Market to position Nigeria as a regional...

Trip.com (TCOM) Stock Falls Amid Market Uptick: What Investors Need to Know

zacks.com - 30/Sep 22:15

In the most recent trading session, Trip.com (TCOM) closed at $75.2, indicating a -1.23% shift from the previous trading day.

Zimbabwe’s bumper harvest paradox: Why grain is not reaching millers

thezimbabwemail.com - 09/Oct 21:06

Recent reports that one of Zimbabwe’s largest milling companies, Blue Ribbon Foods, halted operations at its Bulawayo plant due to an acute grain...

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Copper market fragile amid supply issues, zinc oversupplied

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