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Copper: Codelco to spend USD 720 million on Chuquicamata mine
Chile's Codelco, the world's leading copper producer, plans to invest an additional $720m to renovate the 100-year-old Chuquicamata copper mine in an attempt to halt the company's overall production decline. The company has already spent $5.7bn to convert the open-pit...
Crude steel: production in Germany fell by 4.1% in January-October
According to data released by the German steel federation Wirtschaftsvereinigung Stahl (WV Stahl), Germany's crude steel production amounted to 2.88mn tons in October this year, down 8.8% year-on-year. In the period from January to October this year, the country's...
Nickel: Korea’s Zinc-Trafigura refinery will expand MHP supply in East Asia
The Korea Zinc-Trafigura Refinery will use an integrated hydropyro process to produce a range of commodities, including nickel matt and mixed hydroxide precipitate (MHP). The refinery will be built through Korea Zinc's nickel sulphate subsidiary, Korea Energy...
Copper: price falls from two-month highs as dollar finds support
Three-month copper prices in London fell from two-month highs on Wednesday due to the strengthening US dollar and renewed economic risks, although losses were limited by the solid supply and demand outlook. Three-month copper on the London Metal Exchange (LME) fell...