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Aluminium: Slovalco plant closes down
After the closure of the primary aluminium production unit, Slovalco's plant in Žiar nad Hronom will operate only a recycling centre for processing scrap, which was commissioned by the company this year. According to managing director Milan Veselý, the company will...
Copper: decline intensifies below 7,000 dollar/ton
The price of copper, one of the key players in the post-pandemic global economic recovery, slumped to its lowest level in 20 months as fears of a global recession continue to grow and dampen demand prospects for the metal. The red metal fell below $7,000 a ton for the...
Copper: ‘net zero climate’ target could fail without increased metal supply
Efforts to achieve carbon neutrality by 2050 risk remaining out of reach as copper supply will fail to meet demand due to the growing use of solar panels, electric vehicles and other renewable technologies. World appetite for the red metal is projected to reach 53...
Barrick Gold: Chilean High Court ratifies Pascua Lama project closure
Chile's Supreme Court on Thursday ratified the final closure of the controversial $8.5bn Pascua Lama gold and copper mining project, owned by Canada's Barrick Gold, whose closure had previously been ordered by the country's environmental regulator in 2018. The Andean...