Loading
Glencore to close Mount Isa copper mines by 2025, cutting 1,000 jobs
Mining and trading company Glencore is set to close its three underground copper mines in Mount Isa by the end of 2025, in a move that will result in the loss of about 1,000 jobs. The company will, however, keep its refinery and smelters in central Queensland open....
Aluminium: Rusal considering closure of some unprofitable plants due to low prices and duties
Rusal is considering the scenario of closing some unprofitable plants due to low aluminium prices and financial losses from the introduction of the export duty on the exchange rate. At current aluminium exchange prices, the closure of unprofitable production plants is...
Copper: prices rebound on demand outlook ahead of Chinese data
Copper prices rebounded on Wednesday ahead of the release of China's economic data, with a good demand outlook and long-term supply concerns supporting the market. Three-month copper on the London Metal Exchange (LME) was gaining 1.16 per cent to $8,052 per tonne as...
Tin: Indonesia classifies the metal as a critical mineral for strategic development
The Ministry of Energy and Mineral Resources (ESDM) has officially designated 47 minerals, with a focus on tin and nickel, as critical to Indonesia's strategic and energy goals. In Indonesia's latest review of critical minerals, tin was highlighted for its critical...