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Copper: Glencore proposes loans to secure production at Mopani mine in Zambia
Glencore Plc and Zambia's state mining company could jointly lend $200 million to Mopani Copper Mines to help cover operating costs. Glencore, which owns Mopani until March 2021, is willing to lend up to $100 million as a short-term cash injection to Zambia's Mopani...
Aluminum: prices down after new US rate hike
Aluminum supply continues to shrink thanks to smelter closures caused by continuing energy shortages. Aluminum prices fell again after the Fed's latest three-quarter-point rate hike. In the short term, aluminum prices remain in a downward trend. Earlier this week,...
Zinc: global market recorded a deficit of 72,800 tons in July
The global zinc market moved to a deficit of 72,800 tons in July from a surplus of 34,600 tons in the previous month, according to data from the International Lead and Zinc Study Group (ILZSG). Previously, the ILZSG reported a deficit of 1,400 tons in June. In the...
Copper: Rio Tinto confirms final bid for Oyu Tolgoi mine
Rio Tinto Plc CEO Jakob Stausholm has clarified that his bid to take over the company behind one of the world's largest copper mines is final. Speaking during an interview at Bloomberg News headquarters in New York, Stausholm reported that the world's second-largest...