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Copper: workers at Chilean Escondida mine avert strike
Workers at Chile's Escondida mine have accepted a new offer from BHP Group Ltd and will not proceed with a strike that had been planned for Tuesday and Wednesday. Workers represented by Syndicate No. 1 at the Australian company's mine in northern Chile, the world's...
Copper: Freeport sets higher charges with Chinese smelters
Mining company Freeport-McMoRan has agreed with Chinese smelters on treatment and refining (TC/RC) charges of $88 per ton and 8.8 cents per pound for the supply of copper concentrate in 2023. The fees, paid by miners to smelters to process ore into refined metal, are...
Copper: with mining on the rise, smelters can’t keep up
Copper mines are increasing production after several years of anemic results. But it may not be enough to significantly lift inventories from historically low levels, keeping supplies tight in a critical market for the energy transition. The reason is a bottleneck in...
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...