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Chile’s 75% copper tax is increasingly a reality
Chile’s lower house has approved a progressive rate on copper sales in what could become one of the heaviest tax burdens in the global mining sector, potentially stalling investment and raising prices. Lawmakers, who had already approved a bill to introduce a...
China suspends economic dialogue with Australia
China on Thursday suspended indefinitely all activities of the China-Australia Strategic Economic Dialogue. Chinese Foreign Ministry spokesman Wang Wenbin reported that the suspension was a “necessary and legitimate” response to Australia...
Weak Chinese demand drives tin exports
Customs data from China indicate that the country was a net exporter of refined tin again in March. Net exports were about four times higher than in February. The data reveals that refined tin imports fell to 102 tons in March, down about 78%. This is the lowest level...
Copper price soars even as gloomy forecast for the future
Copper once again approached the crucial $10,000-per-ton level on Tuesday amid bullish sentiment and renewed supply concerns in the world’s most important producing region. Copper’s rally, which has more than doubled in price from its all-time lows, has...