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Rio Tinto cuts rates on loans to Mongolia for Oyu Tolgoi expansion
Rio Tinto says it is ready to cut interest rates on loans to the Mongolian government given to finance its share of the construction costs of an underground expansion at the vast Oyu Tolgoi copper-gold mine in the Gobi Desert. In return, the company wants several...
Cobalt: producers racing to fill growing supply gap
The exponential growth in demand for cobalt is putting pressure on manufacturers to increase supplies to fill the growing supply gap, as electric vehicle (EV) penetration rates in car production increase by more than 50% by 2030. According to some studies, there are...
Copper: potential strike at Bhp’s Cerro Colorado mine
The workers’ union at BHP’s Cerro Colorado copper mine in Chile has called on its members to reject a final contract offer from the company, paving the way for a strike at the small deposit. The union tensions come shortly after a court ordered the mine to...
Aluminium: close to 3-year highs
Aluminium traded near its highest level in three years as supply disruptions tightened the market. The metal has risen 32% this year, second only to tin among the six base metals traded on the London Metal Exchange, driven by the global economic recovery. The price is...