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Copper: closure of First Quantum’s Panama mine will cost around USD 800 million
According to Trade and Industry Minister Jorge Rivera, the cost of closing the Canadian First Quantum's copper mine in Panama is estimated at around $800m. An inter-ministerial coalition, which is developing the mine closure plan, is working on alternative measures to...
Zinc: prices hit five-week highs thanks to South Korean smelter’s production cutback
Zinc prices rose on Thursday to their highest level in five weeks as a production cut at a smelter in South Korea jeopardised supply, but tepid demand in main consumer China limited gains. The zinc price rally was fuelled by a 20% production cut at Young Poong Corp's...
China’s iron ore imports in January-February rise
China's iron ore imports in the first two months of 2024 increased by 8.1 per cent year-on-year, thanks to steel mills restocking to meet production needs during and after the week-long Lunar New Year holiday. The world's largest consumer of iron ore imported 209.45...
Bondalti evaluates purchase of Spanish chlorine producer to diversify into European PVC market
Portugal's Bondalti is considering a €329 million cash takeover of Spain's largest alkaline chlorine and PVC producer Ercros, which would allow the Portuguese chlorine producer to compete in the alkaline chlorine and polymer segments. The board of Ercros will meet on...