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Vale asks court to dismiss Steinmetz request for documents
Brazil’s Vale, the world’s top iron ore producer, is urging a US court to reject billionaire Beny Steinmetz’s attempt to open a new front in the battle over lost rights to the massive Simandou iron ore project in Guinea. Steinmetz is the founder and owner of BSG...
Rio Tinto strikes power deal for Oyu Tolgoi
The world’s second-largest miner, Rio Tinto, has reached an agreement with Mongolia regarding the construction of a power plant to supply the giant Oyu Tolgoi copper and gold mine, located in the Gobi Desert. The new deal is a revision of the original power source...
Copper heads for best quarter since 2010 as supply worries mount
Copper is poised for its best quarter since 2010, helped by optimism over a stronger-than-expected demand rebound in top consumer China and mounting supply concerns in South America. The metal used in everything from automobiles to electronics has surged about 20%...
Shrinking aerospace demand to keep pressure on cobalt
Cobalt prices are at 10-month lows due to sagging demand from the electric vehicle and aerospace sectors amid the covid-19 pandemic and look likely to slide further as airlines defer maintenance. Airlines such as Australia’s Qantas, Qatar Airways and Singapore...