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Industrial metals rising
Copper towards the target at 7000$/ton, zinc reaches the target at 2550$/ton, nickel break up the highs at 15820$/ton and the exchange rate €/$ approaches area 1.1900. Only aluminum is missing, slightly behind the other metals. Next increases towards...
Nickel and copper close to new top on China force
Copper prices have seen highs of over two years and nickel reached a peak of 11 months after Chinese data showed growth in the world's second largest economy. Data released overnight showed that the Chinese economy continued its rapid rebound in the third quarter,...
Lundin stops operations at Candelaria mine in Chile
Lundin Mining in Canada will suspend operations at its copper mine in Candelaria, Chile, after failing to reach an agreement with a second trade union representing some 550 workers. "The illegal and violent actions promoted under the pretext of a legal strike by the...
Rio Tinto’s iron ore shipments decreased by 5% in the third quarter
Rio Tinto's Pilbara iron ore shipments were recorded at 82.1 million tons for the third quarter of 2020, down 5% from 86.7 million in the second quarter. Shipments decreased due to scheduled maintenance activities in the ports. Also on an annual basis, shipments...