Copper price surge mints 23 new unicorn mines

Tech venture capitalists invest in startups and get to call them unicorns.  The official definition of a unicorn is a startup with a $1 billion valuation while still a private company. There are 1,765 unicorns globally, past and present. MINING.COM believes the mining industry deserves a similar category of company to catch the imagination of the mainstream investor and compete against Silicon Valley, crypto and hyperscalers …

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UBS lifts copper price forecasts on supply constraints despite mixed near-term signals

UBS has raised its copper price forecasts, citing a positive fundamental outlook driven by supply constraints and resilient demand from the energy transition, despite mixed near-term demand signals. The investment bank increased its 2026 copper forecasts by 13%, and lifted 2027 and 2028 projections by 4% and 3% respectively to $6.0 per pound or $13,200 per tonne. Long-term forecasts were raised by …

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Hedge funds ramp up bullish copper bets as prices hit record highs on supply fears

Hedge funds increased their bullish positioning on copper to a five-month high, coinciding with a fresh record in New York Comex prices as investors responded to tightening supply conditions and signs of recovering demand from China, according to a report by Bloomberg. Money managers and other large speculators lifted net-long positions by 16% to 73,523 contracts in the week ending …

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Copper prices surge to record $6.5 per pound amid tight supply and AI-fueled demand

Mine disruptions, sulfuric acid shortages, and insatiable demand from data centers and renewables are pushing the red metal into uncharted territory. Copper just hit a price that would have seemed absurd a few years ago. Comex copper futures climbed to a record range between $6.53 and $6.69 per pound in mid-May, driven by a perfect storm of supply disruptions, chemical …

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Aluminium recycling sector flags EU ETS risks, surge in copper prices too

European aluminium producers are facing mounting pressure as the European Union pushes forward with reforms to its Emissions Trading System (EU ETS), a move expected to increase operating costs across the region’s recycling and refining industries. While the reforms are intended to support long-term decarbonisation goals and cleaner industrial production, analysts and industry groups fear they could weaken the competitiveness …

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Copper Nears Record High as Traders Tune Out Trump’s Iran Rejection

Copper is defying the ‘war discount’ usually applied to industrial metals, nearing an all-time high on Monday as a brutal supply crunch proves more powerful than the threat of a global recession The three-month contract on the London Metal Exchange climbed as much as 0.5% to $13,643 a ton, its strongest intraday print since the January 29 spike that briefly carried …

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The Philippines bets big on nickel’s battery boom

The Philippine nickel sector is itching for a bigger slice of the global critical minerals pie as the world’s appetite for battery metals goes into overdrive, the Philippine Nickel Industry Association (PNIA) reports. Manila is positioning itself as the go-to alternative for international markets desperate to break their reliance on a handful of dominant suppliers. The stakes could not be higher. …

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DR Congo’s Cobalt Miners Pivot To Copper Amid Price Crash

Democratic Republic of the Congo is pivoting its mining strategy: cutting cobalt output amid oversupply and low prices while shifting focus to copper, where demand is surging and supply is tightening. Strict cobalt export quotas are replacing the earlier ban, aiming to stabilize prices, boost revenues, and incentivize local processing and industrial development. Major miners like Glencore and CMOC are …

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Argentina mining revival fuels $40B copper push

Argentina’s mining sector is increasingly becoming a focal point of geopolitical competition, as global powers and multinational firms vie for access to the country’s vast mineral reserves. Set against a backdrop of economic volatility, shifting regulatory frameworks and regional political dynamics, Argentina offers both high-risk uncertainty and high-reward potential for miners. The country is also part of the “Lithium Triangle”, with …

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