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Copper and lithium: vote on Chilean mining royalties postponed
Chile’s Senate has postponed for almost three weeks a vote on an opposition-sponsored bill that could increase taxes on miners by up to 75% depending on the price of copper, the country’s main export. The bill, first introduced in 2018, calls for a 3%...
Iron ore: chinese demand unlikely to increase in August
In August, it will be difficult to see much growth in Chinese iron ore demand when most steel mills are under pressure to control steel production. This month, any increase in domestic steel production from newly added capacity will also be quite limited. Meanwhile,...
Copper: Codelco increases production by 14.9% in June
Chile’s state copper commission Cochilco said Codelco, the world’s largest copper miner, increased its output by 14.9% year-on-year to 151,600 tonnes in June. BHP’s Escondida, the world’s largest copper mine, saw output fall 21.6% year-on-year...
Nickel: BHP wants to expand operations to meet increased demand
BHP will make a final investment decision on a major expansion of the processing facility at its Mt. Keith nickel mine in Western Australia, further investing in the industry to meet expected rising demand. Nickel is a key component for electric vehicle cathodes, and...