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Tin: record prices on low stocks
Tin prices jumped to a record high on Friday as inventories in warehouses fell and supply problems persisted. Benchmark tin on the London Metal Exchange rose to a record $36,770 a tonne, and by early afternoon was trading 2.4 percent higher at $36,310. Metal prices...
Rare earth: Minmetals plans strategic restructuring
Minmetals is planning a strategic restructuring of rare earths with another state-owned company, Chinalco, and the Ganzhou city government. China Minmetals Rare Earth Co Ltd and Chinalco Rare Earth & Metals Co are two of the “Big Six” state-owned...
Zinc: Teck Resources cuts production forecasts
Teck Resources, Canada’s largest diversified miner, has cut its refined zinc production estimates for 2021 due to widespread wildfires in British Columbia over the summer. Operations at the Vancouver, BC-based miner were temporarily shut down in August for about...
Rare Earth: Chinese imports from Myanmar drop after border closure
Chinese imports of rare earth from neighbouring Myanmar slowed in August as the closure of a key border crossing to contain the spread of the coronavirus prevented shipments. China is the world’s dominant producer of rare earths, a group of 17 minerals used in...