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Copper: Codelco increases premium in Europe by 31%
Codelco said it can supply copper to European customers at a premium of $128, signalling that the world's largest copper miner expects strong demand to continue even as headwinds persist. Codelco raised its annual premium by $30 a tonne. The offer is $5 higher than...
Zinc: prices above 2019 highs
While mining production has rebounded strongly from last year's volumes, delays at key projects such as Glencore's Zhairem mine in Kazakhstan and Lundin's Neves Corvo expansion in Portugal have kept production below pre-pandemic levels. But these, and other capacity...
Plastic waste: ExxonMobil updates its recycling plan
ExxonMobil has updated its plan to chemically recycle difficult-to-recover plastic waste by announcing the construction of a facility in Baytown, Texas, which is expected to be operational by the end of 2022 with an initial capacity of 30,000 tonnes per year. This...
Zijin Mining acquires Neo Lithium for $737 million
China's Zijin Mining Group Co Ltd will buy Canada's Neo Lithium Corp for C$918.7m ($737.14m). Neo Lithium reported that the deal was unanimously approved by the board. In August, Chinese gold and copper miner Zijin reported that its lithium plan and other new energy...