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Nickel: LME moves to review market after historic crisis
The London Metal Exchange (LME) has proposed sweeping changes to its nickel operations, including the ability to deliver a new form of metal against its contracts and the opening of a new spot market in China. The reforms are part of a broad overhaul aimed at...
Flat steel: EU distributors’ shipments show a slight increase in January-February 2023
European distributors of flat steel products recorded a marginal increase in shipments in January-February 2023, reflecting the positive trend in the hot-rolled coil market. In January 2023, flat steel shipments in the EU increased by 3.80 percent year-on-year. In...
Antamina mine: cost of extension has risen to $2 billion
Peru's largest copper mine, Antamina, will spend $2 billion to extend the life of the deposit to 2036, a sharp increase from the previously planned $1.6 billion. Antamina CEO Victor Gobitz said the new investment for Antamina, co-owned by Glencore PLC, BHP Group Ltd,...
Copper: Codelco loses environmental license for project in Ecuador
A provincial appeals court in Ecuador has stripped Codelco and local partner Enami of their environmental license for the Llurimagua copper project, according to a ruling published Wednesday. Plaintiffs from the nearby Intag Valley, who have opposed mining development...