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Vale resumes operations at Viga in Minas Gerais
Vale has resumed full operations at its Viga plant on Thursday evening, after a judge lifted an order that had suspended operations there, the mining firm said in a securities filing. Operations at the iron ore concentration plant had been suspended for six days, the...
World’s top copper mine risks slowdown from strike in Chile
Supervisors at Chile’s Escondida mine rejected the company’s final wage offer, moving them a step closer to a strike that could slow output at the world’s biggest copper operation. About 98% of members of the No. 2 supervisors union approved a strike in voting...
Trump issues new order to spur rare earths mining
US President Donald Trump has signed an executive order declaring a national emergency in the mining industry, a move that seeks to curb the country’s reliance on rare earths in his latest bid to end China’s control of the market. The directive, issued late Wednesday...
Copper price in biggest drop since height of pandemic
The copper price rally came to an abrupt halt on Thursday with the bellwether metal experiencing one of the worst one-day price drops on record. S&P Global reports a rapid buildup of inventories in warehouses managed by the London Metal Exchange could be behind...