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Albemarle expects 2020 profit drop as lithium prices sag
Albemarle, the world’s largest lithium producer, reported a lower-than-expected quarterly profit on Wednesday and forecast a double-digit drop in 2020 earnings on weak prices for the battery metal. Lithium companies in the past year have been producing more than...
Hudbay secures access to Pampacancha deposit in Peru
Hudbay Minerals has secured long-awaited land rights for the Pampacancha satellite copper deposit near its Constancia polymetallic mine in Peru, which paves the way to start mining the asset later this year. The Canadian miner, which discovered Pampacancha in 2011,...
Rio to build $98-million solar plant at Koodaideri
Rio Tinto has approved a $98-million investment to build a solar plant, Western Australia’s first, which will power the company’s new Koodaideri iron ore mine, in the resource-rih Pilbara region. The plan includes building a lithium-ion battery energy storage system...
Chile says copper price to recover soon from coronavirus impact
Copper prices will rebound in the coming months from a downturn in demand caused by the coronavirus outbreak in China, Chilean mining minister Baldo Prokurica said on Tuesday. China reported its fewest new coronavirus infections since January on Tuesday and its lowest...