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Copper and zinc: Lundin considers selling its $1 billion mine in Portugal
Lundin Mining Corp. is considering the sale of a copper and zinc mine in Portugal that could be valued at about 1 billion euros. The Toronto-based company is talking to potential consultants to evaluate options for the Neves-Corvo mine in southern Portugal. A sale...
Copper and nickel: OZ Minerals gets final approval for a project
On Monday, the Western Australian government granted final regulatory approval for the miner to begin construction of its West Musgrave copper-nickel project. Global mining companies are trying to make money on metals such as copper and nickel, which are key raw...
Cobalt: prices remain at low levels despite rumors of Chinese stocks
Cobalt metal prices are hovering around 11-month lows and the short-term outlook is mixed, despite rumors of a possible stockpile of 2,600 tons of the metal by China's National Food and Strategic Reserves Administration (NFSRA). The stockpiling by the NFSRA has...
Steel: demand for construction products in China is likely to remain low for the rest of 2022
Domestic demand for construction steel in China is likely to remain low for the rest of 2022. Sales of excavators in China fell 24.9 percent year-on-year to 9,250 units in July, the second lowest level so far in 2022 after January, according to data from the China...