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Glencore to buy Pan American’s share in Argentine copper project for $475 million
Mining company Pan American Silver Corp said it intends to sell its 56% stake in Argentina's Minera Agua Rica Alumbrera copper project to Swiss commodities giant Glencore for $475m. The MARA project, in Argentina's Catamarca province, was created in December 2020...
Copper: Codelco sees lower production and more shutdowns in 2023
Chilean state mining company Codelco on Friday cut its copper production forecast for 2023 and said it expects more production stoppages in the second half of the year, following months of declines. The company expects annual production to be between 1.31 million...
Finished steel: Turkey has lost its position as the largest importer
According to the report Economy and Steel Markets Outlook 2023-2024/2023, published by the European Association of Steel Producers (EUROFER), in the first quarter of this year, finished steel imports into the EU decreased by 30 per cent year-on-year. In the fourth...
Rare Earths: Lynas Rare Earths’ quarterly turnover falls 47% due to falling prices
Lynas Rare Earths reported a 47% drop in fourth-quarter revenues due to falling prices of rare earth products and said it is targeting the first production of mixed rare earth carbonate from its Kalgoorlie plant in September. Lynas, the world's largest producer of...