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Copper: unrest in Peru threatens to block almost 2% of global supply
Protests in Peru threaten to block access to nearly $4 billion of copper, just as China is pulling out of the Covid blockade and promising to increase demand. Peru's third largest copper mine, Las Bambas, has not shipped copper concentrate since 3 January due to...
Zinc: LME stocks fall to lowest since 1989
London Metal Exchange zinc stocks fell to their lowest level in more than three decades, but rising inventories and tepid demand from China, the metal's main consumer, are helping to dampen fears of a potential shortage. The closure of some European zinc smelters this...
Copper: Antofagasta’s 2022 production down 10 per cent
Chilean mining company Antofagasta on Wednesday reported a 10.4 per cent drop in copper production for 2022, due to lower ore quality and the drought in Chile. The London-based company said it produced 646,200 tonnes of copper last year, lower than its forecast of...
Aluminium: Chinese production in 2022 reaches an all-time high
China's annual aluminium production in 2022 increased 4.5 per cent year-on-year to a record high of 40.21 million tonnes due to new production capacity and the easing of energy supply restrictions. The National Bureau of Statistics (NBS) reported that primary...