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Copper: Antofagasta has disclosed the resources of its Encierro deposit in Chile
Antofagasta today announced initial resources from the Encierro deposit and updated resources from the Cachorro deposit in Chile. According to a press release, from 2016 to 2021, diamond drilling completed by the company identified a major deposit at the Encierro...
Iron ore: Rio Tinto begins deliveries from Gudai-Darri mine
Rio Tinto said Wednesday it has begun deliveries of iron ore from its Gudai-Darri mine in Western Australia in a bid to increase overall production volumes. he capital cost of the mine, which is expected to have a life of more than 40 years, is estimated at $3.1...
Aluminum: metal extends losses as recession outlook weighs on demand
Aluminum prices accentuated losses Tuesday as investors fear that new closures in major consumer China and a potential global recession could reduce demand for the metal. The most-traded July aluminum contract in Shanghai closed daytime trading down 1 percent at...
Worldsteel blocks Russian steel mills from joining due to sanctions
The World Steel Association (worldsteel) and Russian steel mills have agreed to freeze their full membership in the association due to sanctions against Russia. In response to media reports that worldsteel had suspended Russian steel producers, a spokesperson for the...