Glencore’s cobalt volumes halve as Congo export caps bite
Glencore reported a 52% slide in self-sourced cobalt output to 13,700 tonnes over the first nine months of 2026, after Congolese export limits led the miner to leave more material unrefined.
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Tag copper
World Bank raises 2027 copper price forecast 18% to $13,000 a tonne
The World Bank now expects copper to average $13,000 per tonne in 2027, up 18% from its April estimate, as new mine supply struggles to match demand from power grids and data centres.
Freeport-McMoRan beats Q3 estimates as metal prices offset rising costs
Freeport-McMoRan reported third-quarter sales of $7.55 billion and adjusted profit of $0.88 a share, both ahead of Wall Street expectations, as stronger copper and gold prices cushioned a steep slide in gold shipments and climbing output costs.
Teck’s Highland Valley copper mine slows output amid strike
About 1,200 United Steelworkers members walked off the job Saturday at Teck Resources' Highland Valley Copper site in British Columbia, forcing the company to scale back production until the dispute is resolved.
Standard Chartered hikes copper and zinc forecasts, trims aluminium
Standard Chartered has raised its 2026-2027 price outlook for copper and zinc on persistent supply tightness, while cutting its aluminium forecast as Gulf output rebounds faster than expected.