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Nickel: Indonesia detailed plans to limit smelter development
According to Indonesia's investment minister, the country will limit the construction of nickel smelters to ensure that new plants produce high-value products and follow ecological principles in the production process. Many existing smelters already produce nickel pig...
Nickel: UK regulator blocks LME plan to restart trade in Asian hours
Britain's financial regulator is blocking the London Metal Exchange's restart of nickel trading in Asian hours because of doubts about the LME's ability to run an orderly market in that time slot. The world's largest metals exchange was forced to suspend all nickel...
Copper: agreement between First Quantum Minerals and Panama recedes
The government of Panama on Wednesday expressed disappointment with the latest update provided by First Quantum Minerals on the Cobre Panama contract negotiations, saying it contained several inaccuracies that could have misled investors. First Quantum CEO Tristan...
Alumina: Alcoa to cut 30 percent of Kwinana refinery production due to lack of natural gas
Alcoa Corporation, the world's eighth-largest aluminum producer, announced Monday, Jan. 9, that it plans to cut nearly 30 percent of production at its partially owned Kwinana alumina refinery in Western Australia. A shortage of gas supplies is the reason behind the...