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Trafigura seeks additional funds for project cost overruns in Congo
Commodities trader Trafigura has been forced to seek new funding for its $600 million copper-cobalt project in the Democratic Republic of Congo after the development exceeded its budget. The project developed by Chemaf SA, Trafigura's longtime partner, has run into...
Chinese investment in metals and mining abroad will reach a record in 2023
New research data show that Chinese investment in metals and mining abroad is on track to reach record levels this year as the country consolidates as a dominant force in the supply chain of critical minerals. According to a report published by the Green Finance &...
Copper: Codelco applies for permit to expand $2.5 billion mine
Codelco, the world's largest copper producer, submitted an environmental permit application on Tuesday to extend the life of its Minister Hales mine with a $2.5 billion investment. The project aims to increase the production capacity of copper concentrate from the...
Aluminium: Japanese buyers agree to pay Q3 premium of $124/tonne
The premium for aluminium shipments to Japanese buyers for the July-September period was set at $124 per tonne, close to the previous quarter's levels, as local demand remained sluggish and inventories plentiful. The figure is in the middle of the $125-130 per tonne...