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Sierra Gorda Expands, KGHM And South32 Target More Copper In Chile By 2030
Poland’s KGHM Group and South32 will build a fourth grinding line at the Sierra Gorda copper mine in Chile, with the objective of increasing the plant’s production capacity by 25%. According to what KGHM announced on Wednesday July 1, the expansion will allow Sierra...
Chinese Tungsten, Luoyang Yulu Stops After CMOC Suspends Tailings
The Chinese tungsten market is back under observation after the production halt at Luoyang Yulu Mining Co., a joint venture controlled 60% by Xiamen Tungsten and 40% by CMOC Group. The company, specialized in recovering tungsten from molybdenum tailings, has...
Warrant Premiums In Asia Rise For Copper And Tin, While Scarcity Supports The Most Sought-After Brands
Asian warrant premiums for copper and tin widened on Wednesday July 1, driven by the scarcity of the most requested brands and by increasingly selective physical availability in the region’s main warehouses. The movement did not involve all metals with the same...
Italian Scrap Falls In July, With Weak Demand And Less Active Steel Mills
The Italian scrap market enters the month of July with a clearly bearish structure, confirming and widening the pressures that had already emerged in the final part of June. The climate is that of a slowed, low-liquidity market dominated by very weak steel demand, in...