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Steel: ArcelorMittal plans to increase shipments by 5% in 2023
ArcelorMittal, the world's second-largest steel producer, expects steel shipments to increase by around 5% this year, after reporting a fourth-quarter result in line with expectations. The Luxembourg-based company said its fourth-quarter core earnings (EBITDA), the...
Copper: Glencore reopens Antapaccay mine in Peru
Glencore has resumed operations at its vast copper mine in Antapaccay, Peru, which had been closed for 11 days due to security concerns following violent attacks by locals. The mine was closed on 20 January after the third attack on the site in a month. A spokesman...
Cobalt: the largest source outside Africa is now Indonesia
Indonesia became the world's second largest producer of cobalt, strengthening its bid to become a major player in the electric vehicle supply chain. According to US government data, production of this battery material in the South-East Asian country overtook other...
Peru’s mines continue to operate despite protests
Peru's copper mines are maintaining production despite the roadblocks, attacks and protests that have rocked the Andean nation for more than two months and led to warnings of production stoppages. Reuters analysis of electricity utilisation data at some of the major...