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Aluminium: close to 3-year highs
Aluminium traded near its highest level in three years as supply disruptions tightened the market. The metal has risen 32% this year, second only to tin among the six base metals traded on the London Metal Exchange, driven by the global economic recovery. The price is...
Copper: Codelco expands Salvador mine
Chilean state-owned miner Codelco, the world’s No. 1 copper producer, has invested $1.4 billion in the Salvador copper mine, extending the productive life by 47 years and increasing production by almost 50%. The Rajo Inca project will convert Salvador, which has...
Rare Earth: EU considers aid for the production of magnets
The EU is working on proposals to revive domestic production of a type of magnet specialised in electric car engines, offering support to local producers so they can compete with Chinese rivals. The moves to support production of rare-earth permanent magnets would...
Lithium: Atomredmedzoloto plans mining on the Kola Peninsula
The Atomredmedzoloto mining subsidiary of Russia’s state nuclear energy company Rosatom plans to start producing lithium compounds in both the Kola Peninsula and the Irkutsk region of Siberia. Investment in lithium mining projects in Russia is estimated at over...