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Copper: potential blockage of key mining road leading to Las Bambas mine
A Peruvian community will block a key mining road used by MMG’s Las Bambas copper mine in protest after failed negotiations with the Andean nation’s government, a community leader told Reuters on Monday. Victor Limaypuma, the president of the Cotabambas...
Copper – Aluminium – Zinc: Rising prices as the energy crisis unfolds
The world’s major metals continued to climb on Friday, with zinc posting its biggest daily gain in six years after hitting a 14-year high on Wednesday and aluminium holding close to a 13-year high, as energy shortages continue to disrupt the global supply chain....
Copper: Chinese investment projects abroad
China consumes nearly 14 million tonnes of copper each year, more than the rest of the world combined. But domestic supply last year was only about 2 million tonnes, including scrap, and mined production has been stagnant for years. Imported concentrate, from some 30...
Copper: Sumitomo to sell Chilean mine shares to South32
Japan’s Sumitomo Metal Mining and Sumitomo Corp have agreed to sell their stakes in Chile’s Sierra Gorda copper mine to Australian miner South32 Ltd for about $1.5 billion. The Japanese companies, which together hold a 45% stake, had reported last year...