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Copper: BHP tries to avoid strike at Escondida mine in Chile
BHP has reached an agreement with unionized workers at its Escondida copper mine in Chile, the world's largest, in an attempt to avoid a strike scheduled for Nov. 21-23. The agreement with Sindicato 1, which represents more than 2,000 workers, has yet to be approved...
Copper: higher price needed to incentivize startup of new projects
Copper prices will have to rise to incentivize the new supply the world needs to meet decarbonization and electrification goals. Global demand for copper is expected to grow from the current 25 million tons to 50 million tons in 2035 and to 53 million tons by 2050, if...
Copper: runaway bulls set to amplify losses as demand slows
Rising inventories, due to slowing demand and increased supply at mines, are set to hit copper prices in the coming months, with speculators cutting their bets on rising prices for the metal used for energy and construction. Demand optimism, sparked by the easing of...
Aluminum: Rusal increases 2023 sales after LME decision
Russian aluminum producer Rusal said Saturday that its sales for 2023 have increased after the London Metal Exchange (LME) decided not to ban trading and storage of the Russian metal in its system. The exchange, the world's oldest and largest industrial metals market,...