A looming global copper shortage could undermine the world’s efforts to expand clean energy and digital infrastructure, according to a new report from the United Nations Conference on Trade and Development (UNCTAD). The agency describes copper as “the new strategic raw material” essential for technologies ranging from electric vehicles and solar panels to AI infrastructure...
READ MORECopper has dominated commodity headlines in 2025, with prices swinging sharply amid global trade tensions and major new investments. After hitting a record high above $5.20 per pound in March, copper futures tumbled to a three-month low of $4.03 in April, driven by traders hedging ahead of tariff hikes and then unwinding positions as the...
READ MOREGlobal copper markets are expected to experience a supply surplus in 2025, according to the latest report released by the International Copper Study Group (ICSG). The ICSG forecasts refined copper production will outpace demand by approximately 467,000 metric tonnes, reversing from a supply deficit of 160,000 metric tonnes projected for 2024. The report attributes the...
READ MOREThe International Nickel Study Group (INSG) has forecast a global nickel market surplus of 198,000 metric tons for 2025, marking the third consecutive year of oversupply as production continues to outpace demand. The group projects global primary nickel production will reach 3.735 million tons this year, while usage is expected to total 3.537 million tons....
READ MOREThe company cited an “other expense” of $2.12 billion, a 67% increase from 2023, which included $445 million in foreign exchange losses, $295 million in legal and government proceedings, and $870 million in site rehabilitation provisions. Commodity price movements varied in 2024: Despite the loss, CEO Gary Nagle highlighted a strong operational year, with production...
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