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Zinc: Glencore reaches agreement
Reuters reported that Glencore Plc has agreed to pay $9.85 million to settle a private antitrust lawsuit in the US accusing two units of the Anglo-Swiss mining company of trying to monopolise the zinc market, driving up its price. The preliminary settlement revealed...
Aluminium: Kitimat reduces production following a strike
Rio Tinto has begun reducing production at its BC Works aluminium smelter in Kitimat, Canada, due to a strike initiated by the Unifor Local 2301 union after negotiations failed to reach a new collective bargaining agreement. Production will be reduced to about 35 per...
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,...