London Metal Exchange (LME) copper stocks experienced major drawdowns in the week ended on August 28. Data from the exchange indicates that open tonnage at LME warehouses fell over the week to reach 107,050 metric tons (MT) on August 26, down significantly from 166,775 MT on August 19. Likewise,... Keep Reading...
Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian news impacting the resource sector.Statistics Canada released Q2 gross domestic product (GDP) numbers on Friday (August 28). The data... Keep Reading...
Sumitomo (OTCPL:SSUMF,TSE:8053) and engineering firm G Mining Group have acquired a 25 percent stake in Tintina Mines (TSXV:TTS,OTCPL:TNNTF) to advance the Dos Amigos copper-gold project in Northern Chile.Through a 50/50 special purpose vehicle, Sumitomo and G Mining have subscribed for C$48... Keep Reading...
Argentina and Chile approved operating protocols to integrate three mega-mining projects across the Andes Mountains, advancing a legal framework designed to unlock more than US$20.7 billion in copper investment. Officials from both countries convened in Santiago on Thursday (August 27) under the... Keep Reading...
Traders are flooding American warehouses with refined copper to beat potential import tariffs, draining global inventories and pushing prices near all-time highs despite sufficient physical supply worldwide.On the New York Commodity Exchange, copper for September delivery surged to a record... Keep Reading...