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Copper: Freeport production below expectations
Freeport-McMoRan Inc. produced less copper than expected last quarter from its mines in the Americas, adding to concerns about a tense global market that has seen prices soar to record levels. The largest listed copper miner produced 987 million pounds of the metal in...
Copper: inventories in warehouses are getting low
The problem stems from the physical nature of the LME: anyone who holds a contract to maturity becomes the owner of a package of metal in an LME warehouse. On the other hand, anyone who has sold one has to deliver the metal when the contract expires. But with copper...
Copper – Nickel – Tin: Indonesia expects exports to slow down
According to President Joko Widodo, Indonesia is planning to ‘curb’ the export of all raw materials in a bid to attract investment in processing onshore resources and create jobs. Indonesia has banned a number of exports of unprocessed minerals, including...
Iron ore: Vale reduces metal supply
Vale SA produced more than analysts expected and outperformed both the previous quarter and the year-ago period, as part of an ongoing recovery from the 2019 tailings dam disaster and thanks to better weather. But with iron ore futures down more than 40% from their...