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Copper: Los Pelambres desalination plant 86% complete
Chilean miner Antofagasta has announced that the desalination plant that is part of the $2.2 billion expansion of Los Pelambres is 86 percent complete, while the offshore infrastructure designed to bring in seawater is 87 percent complete. According to the miner, this...
Copper and zinc: Lundin Mining increases production in second quarter
Lundin Mining announced that it produced 64,096 tons of copper in the second quarter of 2022 compared to 63,457 tons in the second quarter of 2021, 41,912 tons of zinc compared to 34,833 tons in the second quarter of 2021, 39 koz of gold compared to 41 koz in the...
HRC steel: slight drop for European prices
European hot-rolled coil market activity was sluggish on July 27, with HRC prices undergoing a slight correction across the continent despite more positive sentiment for the end of summer. Most mills are expecting an increase in supply or the near term, with...
Copper: price rebounds on hopes of slowing rate hike and Chinese stimulus
Copper prices rose to three-week highs Thursday on investor expectations of a slowdown in U.S. interest rate hikes and improved demand from China's top consumer. The Fed raised rates by 0.75 percent on Wednesday, but comments by Chairman Jerome Powell raised hopes for...