Adani Enterprises is preparing to commission the first phase of its Kutch Copper smelting facility in Mundra, Gujarat, within the next four weeks, according to company officials at an industry conference in Santiago, Chile. The launch will mark the completion of Phase 1, with an initial capacity of 500,000 tonnes per year and a total...
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Canadian miner Platinum Group Metals (PTM) is considering building a converter matte furnace in South Africa to process concentrate from its proposed Waterberg platinum mine, following pressure from the South African government to prioritize local beneficiation. This shift comes after PTM’s initial plan to export concentrate to a Saudi Arabian smelter faced resistance over national...
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Beijing’s swift response to U.S. tariffs has created new challenges for Chinese copper smelters, which are already grappling with raw material shortages and declining profitability. The 34% retaliatory tariff on U.S. copper scrap imports, set to take effect in May 2025, is expected to halt shipments from the United States, a key supplier that accounted...
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German metals producer Aurubis is set to ramp up operations at its newly built copper recycling smelter in Richmond, Georgia, marking a significant milestone in the U.S. recycling landscape. The $800 million facility, which took four years to complete, will process 180,000 metric tons of complex copper scrap annually and produce 70,000 tons of refined...
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Chile’s state-owned Codelco, the world’s largest copper producer, has announced it will begin supplying copper concentrates this year to India’s Adani Group for its $1.2 billion Kutch Copper smelter in Gujarat. The smelter, recognized as the world’s largest single-location facility of its kind, began operations in 2024. The agreement was finalized during a meeting between...
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Chile’s state-owned copper producer, Codelco, has announced it will begin supplying copper concentrates to India’s Adani Group for its $1.2 billion Kutch Copper smelter in Gujarat. The smelter, recognized as the world’s largest single-location facility of its type, will receive shipments starting this year. The agreement follows a meeting between Codelco chairman Máximo Pacheco and...
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EcoPro Materials, a precursor production subsidiary of EcoPro Group, has secured $297 million (KRW 400 billion) in investment to expand into the nickel smelting industry in Indonesia. The company has secured a total of $288 million (KRW 389 billion) through a third-party allotment capital increase. The majority of the funds will be used to acquire...
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China’s top copper smelters have opted not to issue second-quarter guidance on copper concentrate treatment and refining charges (TC/RCs), citing ongoing challenges stemming from a sharp shortage of available concentrate, according to sources familiar with the matter. The decision was made during a meeting of the China Smelters Purchase Team (CSPT) in Shanghai on Monday,...
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China’s leading copper smelters have opted not to set treatment and refining charges (TC/RCs) guidance for the second quarter, signaling deepening concerns over a severe shortage of copper concentrate. This decision, made during a China Smelters Purchase Team (CSPT) meeting in Shanghai, reflects the industry’s struggle to secure sufficient supplies. The decision underscores the unprecedented...
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Century Aluminum has upgraded the cooling tunnels at its Mt. Holly smelting plant in South Carolina, addressing operational challenges caused by outdated controls. The facility processes approximately 230,000 tonnes of aluminum annually, producing standard-grade ingots, extrusion billets, and other products. The modernization effort reflects broader trends in the aluminum industry as producers seek to enhance...
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PT Amman Mineral Internasional (AMMAN) is set to begin producing copper cathodes at its new $1.4 billion smelter in West Sumbawa Regency, Indonesia, by the end of March 2025. The facility has a processing capacity of 900,000 tons of copper concentrate annually and is expected to produce 220,000 tons of copper cathodes, along with by-products...
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China’s major copper smelters have begun extensive equipment maintenance in March, a period typically marked by peak demand, as they struggle with a worsening shortage of copper concentrate. This unusual timing underscores the severity of the challenges faced by the industry, which is grappling with overcapacity and plunging treatment and refining charges (TC/RCs). According to...
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Elementos has entered into an industrial testwork partnership with Atlantic Copper to explore the potential for processing tin concentrate from the Oropesa Tin Project in southern Spain. The collaboration will focus on evaluating the technical and economic feasibility of smelting lower-grade tin ore into refined tin products at Atlantic’s CirCular Plant, located 245 kilometers from...
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India’s JSW Group is preparing to establish a major copper smelter in the eastern state of Odisha, aiming for an initial capacity of 500,000 metric tons by 2028/29, with plans to double output to 1 million metric tons by 2033/34, a source familiar with the matter told Reuters. The facility is expected to be fed...
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China’s copper production is expected to reach another record in 2025, even as smelters face increasing financial strain. The sector has continued expanding despite a sharp decline in processing fees, prompting government scrutiny and plans to curb new capacity. However, existing projects will proceed as planned, driving further output growth in the coming years. A...
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Treatment and refining charges (TC/RCs) for copper concentrate are expected to remain low throughout 2025 due to a tightening global supply, according to a new report by Fastmarkets. Analyst Andrew Cole forecasts the annual average spot TC at $10.7 per tonne for 2025, with monthly averages potentially reaching $20 per tonne by the end of...
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China’s leading copper smelters have agreed to reduce processing charges for copper concentrate in the first quarter of 2025 due to a continued shortage of copper ore, according to industry sources. During a meeting of the China Smelters Purchase Team in Shanghai, smelters set new guidance for treatment and refining charges (TC/RCs) at $25 per...
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China’s leading copper smelters have agreed on reduced price guidance for copper concentrate processing and refining charges (TC/RCs) for the first quarter of 2025, reflecting a continued shortage of copper concentrates. The new rates, agreed upon at a meeting of the China Smelters Purchase Team in Shanghai, are set at $25 per metric ton and...
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