Daily Mining Industry Report: March 14, 2025

Daily Mining Industry Report: March 14, 2025

Canadian Developments

• Glencore Overhauls Canadian Smelting Operations Amid Margin Pressures
  Glencore Plc is intensifying cost-cutting measures at its Canadian copper and zinc plants following job reductions last year. This initiative is part of a broader restructuring of its global smelting operations in response to declining processing margins. ​mining.com

• Epiroc Secures Significant Order for Battery-Electric Vehicles in Canada
  Epiroc AB has received a substantial order from Hudbay Minerals Inc. for a fleet of battery-electric vehicles to be utilized in an underground mine in Canada. This move aligns with the industry's shift towards sustainable mining practices. ​globalminingreview.com

Global Developments

• Copper Prices Surge Amid Tariff Concerns
  Copper prices have risen over 20% in 2025, nearing $4.90 per pound, surpassing gold's 13% gain. The increase is largely attributed to President Donald Trump's proposed tariffs, leading to stockpiling in major markets. Analysts express caution due to global economic uncertainties and potential demand fluctuations. ​barrons.com

• Zambia's Kafue River Contaminated by Mining Waste Spill
  An acidic waste spill from a Chinese-owned copper mine in Zambia has severely contaminated the Kafue River, affecting millions who rely on it for water and fishing. The incident has raised environmental and public health concerns. ​apnews.com

• AVZ Minerals Advances Legal Proceedings Over Congo Lithium Project
  AVZ Minerals has achieved a favorable ruling from an international arbitration court, ordering the Democratic Republic of Congo's state-owned mining company to pay €39.12 million plus interest. This development strengthens AVZ's position amid discussions with the U.S. regarding the Manono lithium project's future operations. ​theaustralian.com.au

Market Trends

• Gold Prices Reach Historic Highs
  Gold prices have surpassed $3,000 an ounce for the first time, driven by central bank purchases and global economic uncertainties. This milestone underscores gold's enduring role as a safe-haven asset during turbulent times. ​miningweekly.commining.com

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