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Copper: Sumitomo to sell Chilean mine shares to South32

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...
Coal: prices rebound as never before under the Trump age

Coal: prices rebound as never before under the Trump age

Donald Trump promised to revive the coal industry, but it is President Joe Biden who is seeing a big comeback for the fossil fuel. US power plants are on track to burn 23% more coal this year, the first increase since 2013, despite Biden’s ambitious plan to...
Aluminium: 13-year highs reached

Aluminium: 13-year highs reached

Aluminium has risen to its highest level since 2008 as a deepening energy crisis squeezes supplies of the energy-intensive metal that is used in everything from beer cans to iPhones. Each tonne of metal requires around 14 megawatt hours of energy to produce, enough to...
Batteries: US narrows gap with China

Batteries: US narrows gap with China

According to Global Lithium-Ion Battery Supply Chain Ranking, the US is closing the gap with China when it comes to the race to dominate the battery value chain. The US has the second largest EV market globally, after China. Tesla and Asian cell manufacturers continue...
Electricity: price rises by 288% from Q2 2020

Electricity: price rises by 288% from Q2 2020

In arrivo una nuova stangata sulle bollette di luce e gas. A lanciare l’allarme è stato proprio il ministro della Transizione Ecologica, Roberto Cingolani. A new sting on electricity and gas bills is coming. The Minister for Ecological Transition, Roberto...
ICMM: zero carbon emissions by 2050

ICMM: zero carbon emissions by 2050

According to the International Council on Mining and Metals (ICMM), the world’s largest mining companies pledged on Tuesday to achieve a target of zero net direct and indirect carbon emissions by 2050 or sooner. The announcement comes ahead of next month’s...
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