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Copper: Chinese investment projects abroad
China consumes nearly 14 million tonnes of copper each year, more than the rest of the world combined. But domestic supply last year was only about 2 million tonnes, including scrap, and mined production has been stagnant for years. Imported concentrate, from some 30...
Lithium: Chile to tender 400,000 tonnes of reserves for exploration
Chile will open a tender for the exploration and production of 400,000 tonnes of lithium in a bid to regain market share and meet growing demand for the metal used in electric vehicles and high-tech devices. The copper-producing nation, which holds the world's largest...
Copper: Sumitomo to sell Chilean mine shares to South32
Japan’s Sumitomo Metal Mining and Sumitomo Corp have agreed to sell their stakes in Chile’s Sierra Gorda copper mine to Australian miner South32 Ltd for about $1.5 billion. The Japanese companies, which together hold a 45% stake, had reported last year...
Zinc: Prices hit new highs again
Zinc prices rose to the highest level since 2007 on Thursday on supply concerns after producer Nyrstar announced a plan to cut its output due to high energy prices in Europe. The most-traded November zinc contract on the Shanghai Futures Exchange rose as much as 8...