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Copper: the left-wing wins the Chilean elections
All shares of major copper producers fell after leftist candidate Gabriel Boric was elected president of Chile on Sunday, raising concerns about higher costs and slower development in the world's top producer. Boric won by a wider-than-expected margin, giving him a...
Aluminum: prices drop after recent rises
The price of aluminum gave up its recent gains after rising to its highest in more than six weeks last week after official data from China showed that the country's production of alumina as a raw material fell 4.5% in November, to its lowest in 18 months. The price of...
Peruvian congress rejects new government’s tax reform
Peruvian Finance Minister Pedro Francke reported Friday that the government will insist on a tax reform that includes higher taxes for the mining sector, after Congress rejected much of the proposal. The result in Congress, which allowed the government to implement...
Aluminium: Hindalco acquires Hydro’s extrusion unit
Hindalco has acquired the Indian aluminum extrusion unit of Norway's Hydro for an enterprise value of €28,675,062. The transaction is expected to close in the next quarter. Hydro's integrated plant at Kuppam in Andhra Pradesh has an aluminum extrusion capacity of...