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Copper and zinc: Lundin Mining increases production in second quarter
Lundin Mining announced that it produced 64,096 tons of copper in the second quarter of 2022 compared to 63,457 tons in the second quarter of 2021, 41,912 tons of zinc compared to 34,833 tons in the second quarter of 2021, 39 koz of gold compared to 41 koz in the...
Gold: Barrick Gold’s Loulo-Gounkoto complex is in line with production forecasts
Barrick Gold announced mid-year that its giant Loulo-Gounkoto gold complex in Mali is on track to reach its production forecast of 510,000 to 560,000 ounces by 2022 and to replace the annual depletion of reserves to extend the mine's life beyond 2037. At the end of...
Gold: G7 imposes import ban on Russian product
According to US President Joe Biden, the G7 plans to impose a ban on Russian gold imports. Gold is an important export that earns Russia tens of billions of dollars. Since Russian leader Vladimir Putin's invasion of Ukraine, the United States and other Western...
Industrial metals: China’s stimulus boosts optimism
China's economic stimulus machine is already driving up prices of key commodities such as iron ore, steel and copper, although some doubts remain about the speed and effectiveness of the stimulus measures. North China's benchmark 62 percent spot iron ore rose Monday...