Long steel social inventories in Guangzhou fall for 3rd straight week

Peru's Energy and Mines Minister Guillermo Shinno said the country expects to add about 1 million tonnes of annual copper production within five to six years through new mining projects. The world's third-largest copper producer anticipates 2026 output of 2.5 to 2.7 million tonnes, roughly unchanged from 2023 as declining ore grades and recurring social conflicts weigh on supply. The newly elected government is seeking to reverse that stagnation by cutting red tape; in the two months since taking office, mining companies have stepped up engagement with the ministry. Shinno said officials have identified 27 permits that could be eliminated from roughly 100 mining-sector requirements, without lowering environmenta

Spanish-language mining media report that BHP and Amazon have rolled out the first lower-emissions copper pilot at Escondida using Environmental Attribute Certificates, certifying emissions reductions within the mining setting rather than offsetting them elsewhere. Unveiled on 22 September 2026, the pilot leverages Escondida's renewable electricity and desalinated water, with Amazon retiring the certificates to match lower-carbon attributes to its AI infrastructure. Escondida produces about 1.2 million tonnes of copper annually as the world's largest mine, and the label is expected to serve growing demand for low-carbon metal procurement.

On September 22, Western Mining announced that its wholly owned subsidiary, Qinghai Ganxin Mining Development Co., Ltd. (“Ganxin Mining”), recently obtained a Mining License issued by the Department of Natural Resources of Qinghai Province. The mine, named the Geermu Tuwenchahan Iron Polymetallic Mine of Qinghai Ganxin Mining Development Co., Ltd., covers iron, copper, gold, molybdenum, zinc, lead, and silver as the permitted mining commodities. The mining license is valid from August 3, 2026, to August 30, 2043.