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Copper: Escondida getting closer to production shutdown
Unionized workers at the Escondida mine in northern Chile have rejected the latest offer from BHP (ASX, LON, NYSE: BHP), which was seeking to avoid a strike at the world’s largest copper mine at a time of global supply shortages and high prices. The Australian...
Copper: Codelco forecasts a deficit of 8 million tons by 2032
Chile's state-owned mining company Codelco, the world's largest copper producer, warned Thursday that global shortages of the metal could reach eight million tons by 2032 as soaring demand continues to offset new project numbers. Maximo Pacheco, chairman of Codelco's...
Australia will become “more assertive” on foreign investment in critical minerals
Australia, a major supplier of lithium, is set to become more selective about who it lets invest in its growing critical minerals industry, Treasurer Jim Chalmers said Friday. Australia, a major supplier of key minerals for the energy transition, such as rare earths,...
Copper: Aurubis CEO ‘disappointed’ that LME did not ban Russian metals
CEO of Aurubis, Europe's largest copper smelter, said Thursday he was disappointed with the London Metal Exchange's decision not to ban Russian metals. "I was disappointed that the LME did not take action," Roland Harings reported in an interview on the sidelines of...