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Iron ore price rises on delayed shipments to Brazil and Australia
Iron ore futures in China extended gains for a third consecutive session, closing at the highest price in five weeks, fueled by falling supplies from major miners. Shipments from Australia and Brazil, China's two main iron ore suppliers, fell 4.04 million tons to...
In the midst of a presidential election, Peru’s mining sector reports mixed results
As Peru experiences yet another presidential election, with 18 candidates running, six likely to make it to the second round in June, and no definite favorite, the Ministry of Energy and Mines (Minem) released its most recent report, which shows that copper production...
China’s high furnace capacity utilization remains stable at 86.94%
The high furnace capacity utilization rate of China's 247 steel mills changed little from April 2 to 8, rising only 0.02 percentage points from the previous week to 86.94%, indicating that most of the steel mills surveyed maintained their production rates when steel...
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...