In short: Mount Isa is set to lose a major industry by the end of July, with Glencore to close its underground copper mine. The mining giant has also threatened to close its copper smelter and ...

In short: The Mount Isa copper smelter is set to close in 2030. Mining giant Glencore is looking for a government bailout so it can continue operating ahead of that time.

Swiss commodities giant Glencore said it will close the Mount Isa Mines underground copper operations and copper concentrator in Australia in the second half of 2025.

Mount Isa mines, whose copper operations produced 191,612 tons of copper cathode in 2022, is the second-largest copper producer in Australia, according to Glencore's website.

Glencore says its Queensland-based Mount Isa copper smelter is unviable unless the government provides funding. Copper $ 5.628 / lb 0.66%. Brent Crude Oil $ 69.06 / bbl -0.23%.

By 2030, the outback city of Mount Isa will find out. The famous candy-cane-striped copper smelter, or stack, gave the mining town of more than 18,000 residents its nickname.

Oct 18 (Reuters) - Mining giant Glencore GLEN.L said on Wednesday that it is set to close its copper operations at Mount Isa mines in Queensland by the second half of 2025. The commodities miner ...