Copper

Extraction of raw materials could rise 60% by 2060 – and making mining ‘greener’ won’t stop the damage

Retrieved on: 
Friday, February 16, 2024

Due to be published later this month by the UN’s International Resource Panel, it highlights how global consumption of raw materials, having increased four-fold since 1970, is set to rise by a further 60% by 2060.

Key Points: 
  • Due to be published later this month by the UN’s International Resource Panel, it highlights how global consumption of raw materials, having increased four-fold since 1970, is set to rise by a further 60% by 2060.
  • Already, the technosphere — the totality of human-made products, from airports to Zimmer frames — is heavier than the biosphere.
  • The mining industry requires the annexation of large tracts of land for extraction and transportation; its energy consumption has more than tripled since the 1970s.

Critical raw materials

  • “Critical” and “strategic” raw materials are those that face supply risk either in their scarcity or their geographical concentration, and which the major powers require for their military sectors and for competitive advantage in tech industries.
  • Right now, the race for critical materials is geopolitical: each major power wants to secure supplies in allied countries.
  • Critical raw materials are indispensable to the green transition too.

Urban mining

  • There is scope for urban mining: for example, locating copper from inactive underground power cables or recovering elements from construction waste, sewage, incinerator ash and other garbage zones.
  • The current economic system makes extractive mining cheaper and easier than urban mining.
  • Urban mining by contrast is often labour-intensive and requires a complex and state-enforced regulation of waste streams.
  • In short, there is nothing intrinsically “green” about urban mining or the circular economy.

Is degrowth the answer?

  • The insufficiency of engineering and green growth programmes has informed the waxing interest in “degrowth” strategies.
  • According to degrowth advocate Jason Hickel, political means should be forged through which to plan priority sectors.
  • Reducing luxury and wasteful sectors such as SUVs, aviation and fast fashion would free up critical materials for the green transition.


Gareth Dale does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

EQS-News: Aurubis: Multimetal provider underscores strategic growth path at Annual General Meeting

Retrieved on: 
Friday, February 16, 2024

The multimetal provider is currently investing around € 1.7 billion in strategic projects to secure and strengthen its core business, pursue growth options in recycling in particular, and continue expanding the company’s pioneering role in sustainability.

Key Points: 
  • The multimetal provider is currently investing around € 1.7 billion in strategic projects to secure and strengthen its core business, pursue growth options in recycling in particular, and continue expanding the company’s pioneering role in sustainability.
  • We’re taking the company to a whole new level.”
    The first secondary smelter for multimetal recycling in the US is a key component of the growth course.
  • They’ll begin making another important contribution to a functional circular economy,” Roland Harings underscored at the Annual General Meeting.
  • In total, 64.55 % of the share capital with voting rights were represented in the Annual General Meeting.

Heaven Hill Distillery Wins Back-to-Back Whisky Magazine Distiller of the Year Awards

Retrieved on: 
Thursday, February 15, 2024

LOUISVILLE, Ky. , Feb. 15, 2024 /PRNewswire/ -- The Whisky Magazine American Icons of Whisky Awards announced Heaven Hill Distillery, the world's largest, independent American Whiskey distillery, as the 2024 Distiller of the Year at their annual awards banquet in Louisville, Ky. last Thursday. The award marks back-to-back wins for Heaven Hill in this globally acclaimed category. Sustainability Director Rachel Nally was also recognized as Highly Commended in the Sustainability Officer category. This was on top of being named as Sustainable Distiller of the Year in 2023.

Key Points: 
  • The 2024 American Icons of Whisky celebrates the largest, independent distillery as best in country at World Whiskies Awards
    LOUISVILLE, Ky. , Feb. 15, 2024 /PRNewswire/ -- The Whisky Magazine American Icons of Whisky Awards announced Heaven Hill Distillery, the world's largest, independent American Whiskey distillery, as the 2024 Distiller of the Year at their annual awards banquet in Louisville, Ky. last Thursday.
  • The sequential wins emphasize Heaven Hill's stature in the industry as the largest, independent distillery dedicated to quality and heritage.
  • The new Heaven Hill Springs Distillery celebrated a major milestone last August with the installation of the first of three stills, crafted in Louisville by Vendome Copper.
  • "As the largest, independent distillery, Heaven Hill is proud to carry forth the tradition of distilling American Whiskey and has been since 1935," said Conor O'Driscoll, Heaven Hill Master Distiller.

Encore Wire Announces Cash Dividend

Retrieved on: 
Thursday, February 15, 2024

Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company’s Board of Directors has declared a cash dividend.

Key Points: 
  • Encore Wire Corporation (NASDAQ Global Select: WIRE) announced today that the Company’s Board of Directors has declared a cash dividend.
  • Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, “This two-cent per share dividend will be paid on April 19, 2024 to stockholders of record at the close of business on April 5, 2024.
  • Any future quarterly dividends will be paid subject to earnings and cash flow considerations.
  • We appreciate our stockholders’ commitment to the continued growth of Encore Wire.

Gold, silver and lithium mining on federal land doesn’t bring in any royalties to the US Treasury – because of an 1872 law

Retrieved on: 
Thursday, February 15, 2024

Miners used picks, shovels and pressurized water hoses to pry loose valuable minerals like gold and silver.

Key Points: 
  • Miners used picks, shovels and pressurized water hoses to pry loose valuable minerals like gold and silver.
  • Today, mining is a high-technology industry, but it is still governed by the Mining Law of 1872.
  • Even when lands that formerly were available for mining receive new protected status as national parks or monuments, the 1872 mining law protects existing mining claims on those lands.
  • Minerals like lithium, uranium and copper are essential for shifting from fossil fuels to renewable energy, and for many other uses in our increasingly technological society.
  • As a natural resource and public land scholar, I agree with many others who argue that the 1872 mining law is archaic and overdue for an update.

Royalty-free development

  • Today, open federal public lands are managed by either the U.S. Forest Service or the Bureau of Land Management.
  • In either case, they are considered available for hard rock mining.
  • For example, the current royalty rate for oil and gas production on federal land is 16.67% of the market value of these fuels.
  • High-profile mining proposals today include copper mines in Arizona and lithium mines in Nevada.

Decades of debate

  • Mining on public lands, especially prior to the 1970s, left a multitude of contaminated zones that federal agencies are still working to clean up at taxpayer expense.
  • Today, mining operations are subject to modern land management and environmental laws, such as the Clean Water Act.
  • But these laws were not written specifically to address mining and do not fully cover issues such as disposal of mine waste.
  • In their view, the federal government applies the 1872 mining law in a way that forces companies to spend years securing necessary approvals.
  • In September 2023, the Interior Department released a 168-page report making recommendations for improving mining on public lands.
  • These measures would retain the structure of the 1872 law while taking steps to streamline permitting for large-scale mining activities.

Balancing critical minerals and conservation

  • In my view, focusing myopically on critical minerals and moving forward with a new era of domestic mining should not occur without reforming the 1872 law.
  • Halting climate change and powering a new green economy may involve some trade-offs between short-term and long-term environmental protection goals.
  • In 1872, our nation’s lands and natural resources may have seemed inexhaustible; today, we know they are finite, and that using them responsibly means balancing development and stewardship.


Sam Kalen served as Special Assistant to the Associate Solicitor for Minerals and Resources at the US Department of the Interior from 1994-1996. Views expressed in this article are solely those of the author.

No Redesign Required: StratEdge Revives Critical Hybrid Packages

Retrieved on: 
Thursday, February 15, 2024

These hybrid packages, often developed decades ago, are still vital in many critical defense applications.

Key Points: 
  • These hybrid packages, often developed decades ago, are still vital in many critical defense applications.
  • Similar to its molded ceramic packages, ASTM F15 alloy is a key component used in constructing hybrid packages.
  • “StratEdge has the unique equipment and expertise required to build these types of packages,” says Casey Krawiec, VP of Global Sales for StratEdge.
  • Krawiec further explained, “Our processes for manufacturing molded ceramic packages share many similarities with the requirements for building legacy hybrid packages used in military and space applications.”

Point2 Tech Secures $23 Million Series B Boost from Bosch Ventures and Molex to Revolutionize Multi-Terabit Interconnect for AI and Automotive

Retrieved on: 
Thursday, February 15, 2024

SAN JOSE, Calif., Feb. 15, 2024 /PRNewswire/ -- Point2 Technology, a leading provider of ultra-low-power, low-latency mixed-signal SoC solutions for multi-terabit interconnect, today announced a $22.6 million Series B extension from Bosch Ventures, a leader in deep tech investments, and Molex, a global electronics leader and connectivity innovator, with participation from other investors. This Series B extension validates the demand for Point2's technology in AI/ML data center applications and the potential to disrupt network interconnect in the broad automotive sector.

Key Points: 
  • This Series B extension validates the demand for Point2's technology in AI/ML data center applications and the potential to disrupt network interconnect in the broad automotive sector.
  • The boost in funding comes at a time when the use of AI in data centers is skyrocketing.
  • "Moving forward, interconnect provides critical infrastructure for high-performance and energy-efficient data centers and networked automotive applications," said Ingo Ramesohl, Managing Director of Bosch Ventures.
  • Point2 has gained recognition for its ultra-low-power, low-latency, cloud-optimized mixed-signal SoCs, which are purpose-built for active electrical cables (AECs).

Buenaventura Announces Fourth Quarter 2023 Results for Production and Volume Sold per Metal

Retrieved on: 
Wednesday, February 14, 2024

Increased silver grades within scheduled 2024 mining areas will partially offset the expected processing volume decrease, with an increased silver production relative to 2023.

Key Points: 
  • Increased silver grades within scheduled 2024 mining areas will partially offset the expected processing volume decrease, with an increased silver production relative to 2023.
  • Orcopampa: 2023 gold production slightly exceeded guidance, as ore extracted during the 4Q23 had higher than anticipated gold grades.
  • Coimolache: 2023 gold production exceeded guidance, as optimized leach pad space enabled higher-than-planned volumes of ore treated during 4Q23.
  • 2023 lead and zinc production surpassed guidance while silver production underperformed guidance due to a short-term planning adjustment and to prioritize processing higher value ore production at Yumpag.

Eagle Roofing Products Introduces 2024 Color of the Year, Bridgeport Blend Copper

Retrieved on: 
Wednesday, February 14, 2024

RIALTO, Calif., Feb. 14, 2024 /PRNewswire-PRWeb/ -- As an industry veteran with over 35 years of experience in the concrete roof tile manufacturing business, Eagle Roofing Products is known for its extensive product line of durable and sustainable roof tiles that are equally as elegant and eye-catching. Inspired by nature's beauty, Eagle has selected its 2024 Color of the Year, Bridgeport Blend Copper. An enchanting amalgamation of grays, taupe, brown and black hues accented by subtle orange-luster streaks, it mirrors the deep sepia tones of Sequoia trees and the ash shadows that line mountain ranges.

Key Points: 
  • From versatile neutrals to rich pigments, Eagle Roofing Products offers customers over 150 concrete roof tile color options to adorn roofscapes with elegance and class.
  • This year, a new showstopping colorway will take center stage as Eagle's 2024 Color of the Year.
  • Inspired by nature's beauty, Eagle has selected its 2024 Color of the Year, Bridgeport Blend Copper.
  • Order a free sample of Bridgeport Blend Copper on our website or dive into color explorations using this roof tile at eagleroofing.com.

Greater Commercial Lending Completes $25 Million in Financing for Copper Mining Company in Utah

Retrieved on: 
Wednesday, February 14, 2024

RENO, Nev., Feb. 14, 2024 /PRNewswire/ -- Greater Commercial Lending (GCL), which provides government-guaranteed loans to businesses and organizations in under-served and rural communities, has completed $25 million in financing for Lisbon Valley Mining Co., which mines copper within La Sal, in Utah's Lisbon Valley, an extensive mineral district for copper and other resources.

Key Points: 
  • The loan will be used to strengthen copper mine production by allocating funds towards working capital and procurement of heavy equipment, as well as refinancing existing debt.
  • "We are pleased to support Lisbon Valley Mining Co. in their mission to expand and enhance copper mining operations," said Jeremy Gilpin, president of GCL.
  • "This financing signifies our commitment to fostering economic growth in under-served communities while contributing to essential industries crucial for a sustainable future."
  • The project is expected to generate approximately 90 new job opportunities, along with the preservation of 101 existing jobs.