The Copper Club

The Copper Club is a leader in fostering the interests of the copper industry.

[Andrea Hotter @AndreaHotter]

Oriol Guixà, President of the board of La Farga, named the 2026 Ankh Award recipient by @TheCopperClub. The award will be presented at The Copper Club's annual dinner on June 10 at The Plaza Hotel in NYC. Congratulations on a lifetime of work in #copper! 👏@FargaInfo

[Andrea Hotter @AndreaHotter]

Nornickel says Q3 #nickel output was +18% vs Q2 at 54,000 tonnes on higher volumes of processed raw materials accumulated during Q2 inter-navigation pause, plus higher output of nickel sulfide concentrate at Kola. Almost all nickel was produced from the company’s own feed

[Andrea Hotter @AndreaHotter]

Freeport-McMoRan’s Q3 #copper production fell 13%, largely due to the recent mud slide and subsequent closure of its Grasberg operations in Indonesia. Total group output in Q3 was 912 million lbs (413,676 tonnes), vs 1.05 billion lbs (476,725 tonnes) in the same period of 2024.

[Andrea Hotter @AndreaHotter]

Freeport says its 2026 #copper production in Indonesia to be down by around 248,887 tonnes, which is 35% of pre-incident estimates of 1.7 billion pounds (711,107 tonnes).

[Andrea Hotter @AndreaHotter]

Freeport says #copper smelting operations in Indonesia "have operated with limited availability since the incident,” at Grasberg. “Both smelters in Indonesia are currently on stand-by status pending the availability of copper concentrate,” the company adds.

[Andrea Hotter @AndreaHotter]

Kicking off the ICA meeting in London with a keynote by Chile’s mining minister. “We want mining to be a space of citizen participation,” she says, stressing the role the sector should play in creating impactful, inclusive change #LMEWeek #copper

[Andrea Hotter @AndreaHotter]

Plus tech at the OT underground block cave, which employs 15,000 people, 97% of whom are Mongolian #LMEWeek

[Andrea Hotter @AndreaHotter]

Rio Tinto’s Katie Jackson tells audience at ICA meeting about the use of technology at the company’s ops. Gives examples from Pilbara - 18 mines, 4 ports, 4 power plants & 2,000 km of rail - which is automated & connected, controlled by ops center in Perth

[Andrea Hotter @AndreaHotter]

Codelco chairman says operational continuity is the key issue impacting the #copper sector this year. Adds this is a change from the 2024 theme of geopolitics. Notes high prices due to mine issues, lack of exploration, steeper industry cost curve. #LMEWeek

[Andrea Hotter @AndreaHotter]

“Copper in Chile is our surname,” says Codelco chairman. “When you’re speaking about Chile, it’s a #copper economy,” he tells ICA. #LMEWeek

[Andrea Hotter @AndreaHotter]

It creates a convergence of the license to operate and helped Glencore ensure was up to speed as it transitioned from trader to miner, he notes. #LMEWeek

[Andrea Hotter @AndreaHotter]

Expedited growth in #copper in the US is being facilitated by adherence to ICA and other industry standards, Glencore exec says at the ICA meeting. Notes that work with governments and regulators on project permitting is made easier when the use of these standards is recognized.

[Andrea Hotter @AndreaHotter]

The high capital cost plus political and/or single country risks make industry collaboration essential to develop new #copper projects, Glencore exec says at ICA meeting #LMEWeek

[Andrea Hotter @AndreaHotter]

The US has built a significant domestic stockpile of #copper without having to spend any money due to threat of section 232 tariffs and arbitrage markets, Trafigura CEO says. #LMEWeek

[Andrea Hotter @AndreaHotter]

Investment to be used to “advance growth opportunities related to the exploration, development, and mining of critical minerals, as well as for general corporate purposes,” it says

[Andrea Hotter @AndreaHotter]

Ivanhoe Mines gets US$500 million investment from Qatar Investment Authority (QIA), the sovereign wealth fund of Qatar, giving it a 4% stake. #copper #lithium #zinc

[Andrea Hotter @AndreaHotter]

If I can look ridiculous in a hard hat and oversized steel capped boots, then I hope you can listen to the reason why. Listen to my trip along the Lobito Corridor on the 'Fast Forward' podcast - wherever you get your podcasts, or here: https://t.co/WY3RBKPSiY

[The Copper Club @TheCopperClub]

Save the Date for our 2026 Annual Dinner on Wednesday, June 10th at The Plaza Hotel in NYC!

[Andrea Hotter @AndreaHotter]

Alcoa in $2.2 billion deal to take majority ownership of Alumina Limited, it says. Alumina Limited shareholders to own 31.25%, and Alcoa shareholders to own 68.75% of the combined company when the deal closes.

[Andrea Hotter @AndreaHotter]

Anglo American's #nickel EBITDA more than halved in 2023, to $133 million vs $381 in 2022. #Copper EBITDA rose significantly to $3.2 billion vs $2.1 billion yoy. #Iron ore EBITDA was also higher in 2023, at $4 billion vs $3.4 billion in 2022.