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Copper prices: bearish trend continues
Copper prices are on a downtrend after reports showed worsening manufacturing growth in the US and China. Chinese factory activity expanded in July at the slowest pace in 17 months, with the official purchasing managers' index (PMI) falling to 50.4 from 50.9 in June,...
Zinc: Glencore reaches agreement
Reuters reported that Glencore Plc has agreed to pay $9.85 million to settle a private antitrust lawsuit in the US accusing two units of the Anglo-Swiss mining company of trying to monopolise the zinc market, driving up its price. The preliminary settlement revealed...
Aluminium: Kitimat reduces production following a strike
Rio Tinto has begun reducing production at its BC Works aluminium smelter in Kitimat, Canada, due to a strike initiated by the Unifor Local 2301 union after negotiations failed to reach a new collective bargaining agreement. Production will be reduced to about 35 per...
Copper: Codelco increases production by 14.9% in June
Chile's state copper commission Cochilco said Codelco, the world's largest copper miner, increased its output by 14.9% year-on-year to 151,600 tonnes in June. BHP's Escondida, the world's largest copper mine, saw output fall 21.6% year-on-year to 82,900 tonnes in the...