Tag: Copper

EnergyManufacturing

Copper Supply Crisis Looms as Mine Disruptions Threaten Global Market Balance

Major copper mine accidents and operational challenges are creating significant supply constraints that will impact refined production through 2026. The International Copper Study Group has dramatically revised its forecasts, predicting a market deficit after two years of surplus as mine growth stalls.

Copper Mine Disruptions Trigger Supply Crisis Forecast

The global copper market faces a significant supply deficit in 2026 despite slowing demand growth, according to reports from the International Copper Study Group (ICSG). The industry organization has dramatically reversed its previous surplus projections, now forecasting a 150,000-metric-ton shortfall that reflects what analysts suggest is an unusually severe year for mine disruptions.

by Aaron Blake
MiningTrade

Panama Demands Resource Ownership Rights in Cobre Copper Mine Negotiations

Panama’s government is preparing to negotiate the reopening of the $10 billion Cobre Panama copper mine with firm demands for resource ownership. The country’s finance chief stated any agreement must clearly establish Panama as the owner of both land and mineral resources. The mine has been shuttered since late 2023 following court rulings and environmental protests.

Panama Takes Firm Stance in Critical Mining Negotiations

Panama will insist that any agreement to restart operations at the $10 billion Cobre Panama copper mine explicitly recognizes the country’s ownership of both land and mineral resources, according to reports from the nation’s finance leadership. This position establishes a significant benchmark for upcoming negotiations with mine operator First Quantum Minerals Ltd, as the new administration under President Jose Raul Mulino seeks to resolve the high-stakes mining dispute that has gripped the Central American nation.

by Gabriel Novak