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Copper: Codelco’s wage agreements ease supply tensions
Workers at a Codelco mine in Chile have agreed to end a strike while union members at a BHP group mine have agreed to a new wage proposal, easing labour tensions in the copper-producing nation. Codelco reached an agreement to end a strike lasting more than three weeks...
Iron ore: price drops to 11-month low
The price of iron ore fell to an eleven-month low on Thursday amid concerns that the global economic recovery is slowing. The price of iron ore fell 40 per cent from over $220 in July, mainly due to lower imports by China following its move to control steel production...
Nickel: Vale Indonesia aims to complete HPAL plant
Indonesian nickel miner PT Vale Indonesia said it aims to start construction of its Pomalaa project next year to produce material used in batteries for electric vehicles. Adriansyah Chaniago, deputy managing director, added that Vale is currently amending its...
Aluminium: 2011 highs broken up
luminium exceeded the highs of 2011 at 2800 $/ton. Price level that could create a lot of volatility (possible downward positioning of institutional investors). To be evaluated if the weekly price will remain above 2800 $/ton, otherwise it could trigger first...