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Copper: the metal suffers a sharp weekly loss due to concerns over slowing demand
Copper prices in London headed for their worst week in a year on Friday, while prices in Shanghai headed for their steepest weekly drop since March 2020, as worries grew over recession and weak economic readings indicated a likely impact on demand. Three-month copper...
Copper: Codelco workers agree to break strike
Workers at Codelco, the world's largest copper producer, have agreed to end a nationwide strike in Chile that has slowed operations, the state-owned mining company and unions said in a joint statement on 23 June. Some 50,000 employees and contractors went on strike...
Tin: Indonesian government plans to change royalties
The Indonesian government is considering changing the royalty rate for tin. The government discussed the existing system at its session on 21 June 2022. Currently, tin producers pay the government a fixed rate of 3% on all tin production. However, the new structure...
Tin: Ganzhou Kaiyuan announces smelter maintenance
Ganzhou Kaiyuan is the latest Chinese tin smelter to announce annual maintenance. In an announcement published on 20 June, the company said that, given the state of the smelter facilities, it would replace some furnace parts and complete smelter maintenance. n 14...