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Copper: BHP averts strike at world’s largest mine with preliminary union agreement
Global mining company BHP has reached a preliminary agreement with the supervisors' union at its Escondida mine in Chile, averting a strike at the world's largest copper deposit, the company announced late Wednesday evening. In late September, union members rejected a...
Greek metal industry: EC rejects Green Pool project
The European Commission's (EC) decision to reject the Greek government's Green Pool proposal to consolidate the electricity demands of major industrial consumers, such as those in the aluminum and chemical sectors, to reduce operating expenses has disappointed the...
Copper: Stellantis and Rio Tinto focus on mining in Argentina
Carmaker Stellantis NV and mining group Rio Tinto are increasing their investments in a giant copper deposit in Argentina as the race for metals used in electric vehicles heats up. Stellantis, the maker of Peugeot cars and Jeep vehicles, is investing 42 billion...
China bans new offshore brokerage accounts in a capital control move
China has for the first time issued a warning banning domestic brokers and their overseas units from taking on new mainland clients for offshore trading, according to an official document seen by Reuters and confirmed by four sources. New investments by existing...