- Joined
- 12 January 2008
- Posts
- 7,501
- Reactions
- 18,824
Any premium in the US copper price over the LME has now gone. Dr copper predicting world-wide recession.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,720
- Reactions
- 12,456
I'm not sure if the Apache's will trump this, but possibly.
Also not sure if this will affect the upcoming grand supply/demand shortfall that will push copper prices much higher.
A long-delayed copper project in Arizona controlled by Rio Tinto and backed by BHP has been fast-tracked by the Trump White House as the US and China vie for supremacy in the minerals vital to the energy transition and advanced military hardware.
Tied up in environmental and court appeals, native title and regulatory red tape for more than a decade, the Resolution Copper mine is among a handful of 10 projects granted ‘‘Fast-41’’ status by the White House over the Easter weekend.
The application of Fast 41 to streamline the approvals process behind critical minerals production is in response to President Donald Trump’s executive order, issued in March, aimed at creating jobs, fuelling American prosperity and significantly reducing the US’s reliance on foreign powers.
The proposed underground mine, around 100km east of Phoenix, Arizona, is expected to become the largest copper mine in North America, capable of meeting up to 25 per cent of total US copper demand each year.
As the trade war between the US and China heats up, both nations are keen to access key commodities such as copper, which is used in aircraft, naval vessels, wiring for guidance systems and ammunition, as well as being core to renewable energy technology and batteries.
Also not sure if this will affect the upcoming grand supply/demand shortfall that will push copper prices much higher.
A long-delayed copper project in Arizona controlled by Rio Tinto and backed by BHP has been fast-tracked by the Trump White House as the US and China vie for supremacy in the minerals vital to the energy transition and advanced military hardware.
Tied up in environmental and court appeals, native title and regulatory red tape for more than a decade, the Resolution Copper mine is among a handful of 10 projects granted ‘‘Fast-41’’ status by the White House over the Easter weekend.
The application of Fast 41 to streamline the approvals process behind critical minerals production is in response to President Donald Trump’s executive order, issued in March, aimed at creating jobs, fuelling American prosperity and significantly reducing the US’s reliance on foreign powers.
The proposed underground mine, around 100km east of Phoenix, Arizona, is expected to become the largest copper mine in North America, capable of meeting up to 25 per cent of total US copper demand each year.
As the trade war between the US and China heats up, both nations are keen to access key commodities such as copper, which is used in aircraft, naval vessels, wiring for guidance systems and ammunition, as well as being core to renewable energy technology and batteries.
- Joined
- 12 January 2008
- Posts
- 7,501
- Reactions
- 18,824
When is production due to commence on this project in Phoenix?
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,720
- Reactions
- 12,456
Dona Ferentes
cartograph eidètique
- Joined
- 11 January 2016
- Posts
- 17,543
- Reactions
- 24,056
and a bit of a spike in copper.
There was a fatal accident at the massive Antamina copper and zinc mine in Peru A senior manager was killed, another worker injured, and the whole operation has been shut down for an indefinite period.
The mine is run by BHP, Glencore, and Teck, and with the mine producing over 400,000 tonnes last year, experts say any long pause could squeeze global copper supply.
There was a fatal accident at the massive Antamina copper and zinc mine in Peru A senior manager was killed, another worker injured, and the whole operation has been shut down for an indefinite period.
The mine is run by BHP, Glencore, and Teck, and with the mine producing over 400,000 tonnes last year, experts say any long pause could squeeze global copper supply.
