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Copper price leaps 26-month high on strong Chinese rebound
The copper price will likely rise further towards the end of 2020, and that the current environment has strong parallels to the rebound in the copper price after the global financial crisis, thanks to massive stimulus efforts by Beijing. On the Shanghai Futures...
Codelco presses ahead with automation plans to bolster production
Chile’s state-owned Codelco, the world’s largest copper producer, will press ahead with plans to roll out automation of its mining operations as it seeks to maintain production levels into the future amid declining ore grades and the disruption of the coronavirus...
China Moly’s H1 cobalt production down 24%
China Molybdenum Co., one of the world’s biggest cobalt producers, saw its output of the battery metal fall 24% year-on-year in the first half, according to Reuters calculations based on company filings. China Moly, which operates the Tenke Fungurume mine in the...
Global gold production to grow 2.5% by 2029
A report by Fitch Solutions forecasts that the global gold production will increase from 106moz in 2020 to 133moz by 2029, averaging 2.5% annual growth. According to the report, this result would be an acceleration from the average growth of just 1.2% over...