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Non-Ferrous Metals – COTR Reports
Slight decline for speculators' net positions in the last week of survey, from 326,117 lots to 319,969 lots on July 9, 2021 (-1,179 lots). The cot index is down 49.12%. Net aluminum positions recover ground over the past week, increasing by 3,609 lots from the...
EU and Ukraine sign preliminary agreement on key raw materials
The European Union and Ukraine on Tuesday signed a memorandum of understanding (MoU) covering critical raw materials and batteries. The move is part of the European Commission’s action plan on critical raw materials announced in September to strengthen supplies...
Rio Tinto to close operation in South Africa
Rio Tinto reported Monday that operations at its Richards Bay Minerals (RBM) project in KwaZulu-Natal, South Africa, which was shut down in late June after the murder of its top manager, will remain shut down despite talks with the government. Escalating violence has...
Peru: Castillo expects mining companies to accept tax changes
The gap between the business sector of the world’s second-largest copper producer and the new leftist government is closing. Pedro Francke, Castillo’s economic adviser, reported that he expected businesses would not oppose a planned overhaul of tax rules...