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Copper: Codelco reaches a labour agreement with the union
Codelco, the world’s largest copper producer, said on Wednesday it had reached an agreement on a labour contract with a union representing workers in its small Salvador division in northern Chile. The miner and union Benito Tapia Tapia signed a 36-month...
China to release more metal reserves to ease supply shortage
China will closely monitor market conditions and continue to release copper, aluminium and zinc from its state reserves in a bid to overcome supply-demand imbalances. “Currently, copper, aluminium and zinc prices are still high,” said Li Hui, an official...
Lithium: Albemarle reaches agreement, ending strike action
Albemarle Corp, the world’s top lithium producer, said on Wednesday it had reached a labour contract agreement with a union at its Atacama plant, ending a month-long strike that had inflamed tensions between workers and the company. The 135-member...
Steel: increasing EAF capacity utilisation in China
As of 9 September, the capacity utilisation rate of many of China’s independent electric arc furnace (EAF) steel mills recovered after a two-week decline, rising 2.74 percentage points to 63.14%, as some EAF mills in eastern and southwestern China returned to...