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Hudbay Begins Development of Pampacancha Well
Hudbay Minerals announced Wednesday that the final land use agreement for its Pampacancha project has been completed and the company now has full access to the site to begin well development activities. Pampacancha is a high-grade satellite deposit located 4 km from...
Codelco is increasing copper production
Through the pandemic, Chilean mines that account for more than a quarter of global supply have been able to maintain high levels of production by introducing testing and tracking and delaying non-essential activities. This has been a blessing for China's...
Chinese steel stocks fall further on sustained demand
Between March 26 and April 1, Chinese steel traders saw their finished steel inventories fall further, with a 1.6 million tonne week-on-week decline, faster than the previous week's 1.5 million tonne drop, mainly due to further strengthening demand. Inventories held...
Zinc close to 2750$/ton area
Zinc's downturn started on March 23 approached the first intermediate support in the area 2750$/ton (April 1, 2021). This intermediate level could give way, leaving room for quick pullbacks towards $2720. Also on a statistical level, in the last 5 years of trading,...