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Biggest copper nation has an optimistic take on hectic news flow
Copper traders are being bombarded with possible price drivers right now — from $1 trillion in U.S. infrastructure spending to a second wave of Covid-19 in China. For Chile’s official forecaster, the upshot is cautiously optimistic. Prices probably will average more...
Fortescue Metals targets zero emissions by 2040
Fortescue Metals Group, the world’s fourth largest iron ore producer, has brought forward a self-imposed deadline to be carbon-neutral by 2040, about 10 years earlier than its closest rivals BHP, Rio Tinto and Vale. The Australian miner expects to slash its own...
Global nickel output to decline 19% y-o-y in 2020
In its latest report, Fitch Solutions revised down most of its 2020 mining production as well as metals production and consumption forecasts and said it will keep adjusting estimates in line with the evolution of the situation and of government and company...
Appia to drill at world’s 2nd richest rare earth prospect
About 80-85% of North America’s rare earths supply currently comes from China, a situation that is becoming untenable, given the US-China trade war tensions and coronavirus pandemic. Shutdowns to manufacturing plants in China that could potentially cut off rare earths...