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Supply woes offset soft demand to lift copper prices

Location:

INTERNATIONAL

Equities of copper mining companies fared marginally better. The expected supply glut did not materialise in 2023, owing to supply disruptions, while the price was supported by…

Panama mine contract end will worsen economic woes

Location:

PANAMA

The decision followed weeks of protests over the terms of the newly revised contract. Cobre Panama, located in Colon province, is Central America’s largest open-pit copper mine…

UAE-Zambia deal signals new interest in African mining

Location:

UAE/ZAMBIA

Many observers had anticipated a Chinese takeover, as attention has generally been focused on perceived Chinese dominance in the region’s mining industry. However, this deal makes…

Peru's growth will remain sluggish this year

Location:

PERU

The economy is increasingly dependent on the mining sector and on mineral sales to China. The domestic economy remains hampered by depressed internal demand.

Economic improvement in Chile will remain moderate

Location:

CHILE

The figures also indicate that the imbalances created by pandemic-related injections of liquidity in 2000 and 2021 have largely been corrected.

Lithium deal aims to avoid missed opportunity in Chile

Location:

CHILE

Among other objectives, the deal seeks to increase lithium output rapidly in response to concern that Chile is not taking full advantage of a demand boom that, as technology…

Peru mining plans will bring no rapid improvements

Location:

PERU

A new minister for mines has announced his intention to push ahead with projects which so far have been blocked by their failure to attract a ‘social licence’. Private-sector…

Fiscal and external challenges lie ahead for Panama

Location:

PANAMA

Panama has demonstrated resilience and maintained economic momentum, despite challenges such as reduced traffic through the drought-stricken Panama Canal and the closure, after…

Clean energy brings Latin American hopes and obstacles

Location:

LATIN AMERICA

The forecast acceleration in the energy transition provides an opportunity for Latin America to boost growth by producing fuels, materials and products used to drive the adoption…

Saudi Arabia's EV market growth will be gradual

Location:

SAUDI ARABIA

Riyadh also aims to boost the share of EVs in its domestic market through indigenous production, while leveraging its strong ties with China, the world leader in EV sales and…