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Copper: Chinese CMOC will increase production in Congo after ending dispute with Gecamines
Chinese group CMOC will increase its copper production in the Democratic Republic of Congo (DRC) to 600,000 tonnes next year, after recently agreeing to end a dispute with state-owned miner Gecamines. The Chinese company said it is increasing production at Tenke...
Antofagasta loses bid to revive Minnesota’s copper-nickel project
A US judge has rejected a request by a subsidiary of Chilean mining company Antofagasta Plc to reinstate cancelled mining permits for a $1.7 billion copper-nickel mine in Minnesota, which the Biden administration blocked over fears it could pollute a major waterway....
Aluminium Alloy: negotiations between Japanese producers and raw material suppliers develop significantly
The negotiations that took place in early September 2023 in the Kanto region between major aluminium alloy (al. alloy ) producers and raw material wholesalers brought a significant trend to the fore. This trend indicates a second consecutive increase in the purchase...
Copper: prices fall on yuan weakness and global growth fears
Copper prices fell on Wednesday after the currency of major metals consumer China plunged and German factory orders fell, highlighting weakness in the global economy. Currently, three-month copper on the London Metal Exchange is down 0.32% at $8,339/mt, after falling...