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Copper: Indonesia authorises Freeport and Amman Mineral to export the metal until 2024
Indonesia will allow miners Freeport Indonesia and Amman Mineral Nusa Tenggara to continue exporting copper concentrate until next year, despite a ban that will come into effect in June, as they complete the construction of smelters. In June, the government will ban...
Aluminium: Glencore to buy Norsk Hydro’s Brazilian operations
Norwegian aluminium producer Norsk Hydro said on Thursday that it will sell its Brazilian assets to Glencore. In detail, it will sell a 30% stake in Brazilian alumina refiner Alunorte and a 5% stake in bauxite producer Mineracao Rio do Norte to Swiss mining and...
Copper: Anglo American production up 28% in Q1
Anglo American said on Tuesday that copper production increased by 28% in the first three months of the year to 178,100 tonnes, thanks mainly to the start-up of its new Quellaveco mine in Peru. Production from its Chilean operations, however, decreased by 15% during...
Zinc: prices fall as US economic data worsens
Zinc shows a decidedly bearish trend, with prices approaching the key static support represented by the October 2022 lows at $2,650/mt. US economic data raised fears of a recession that could darken the outlook for demand for the metal. The latest C.O.T. report also...