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Copper: Royalty reform in Chile
The Chilean government has announced a tax reform bill that will introduce a new royalty system for mining companies that extract copper. The bill envisages a variable royalty rate, dependent on the amount of copper sold. Rates could increase up to 32% depending on...
Batteries: Umicore plans $1.2 billion factory in Ontario
Belgium-based Umicore plans to invest $1.2 billion to build a battery materials manufacturing plant in the Canadian province of Ontario, which would supply components to one million electric vehicles by 2030. The Canadian government and Umicore have signed a...
Crude steel: China’s daily production falls in July
China’s daily crude steel production from 1 to 10 July fell 0.8 percent from the end of June to 2.872 million mt per day, but output was still 2.6 percent higher than a year earlier, according to data from the China Iron & Steel Association on 13 July. The...
Steel: Marcegaglia acquires Outokumpu’s long products division
Italian company Marcegaglia has agreed to acquire Outokumpu's long products division for 228 million euro. The transaction, which represents Marcegaglia's first foray into the steel sector, is expected to be completed by the end of the year. The transaction includes...