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Iron ore: price drops to 11-month low
The price of iron ore fell to an eleven-month low on Thursday amid concerns that the global economic recovery is slowing. The price of iron ore fell 40 per cent from over $220 in July, mainly due to lower imports by China following its move to control steel production...
Nickel: Vale Indonesia aims to complete HPAL plant
Indonesian nickel miner PT Vale Indonesia said it aims to start construction of its Pomalaa project next year to produce material used in batteries for electric vehicles. Adriansyah Chaniago, deputy managing director, added that Vale is currently amending its...
Aluminium: Guinea’s coup adds bauxite to supply concerns
The trigger for the latest rise was news of a military coup over the weekend in Guinea, a major producer of bauxite, which is processed into alumina and then into primary aluminium. The aluminium market does not normally pay much attention to disruptions at the end of...
Coup in Guinea: third largest producer of bauxite
The military junta that seized power in Guinea reportedly plans to establish a unity government pending a transition to civilian rule, urged mining companies to continue operating and reassured them that their existing agreements with the state will be honoured....