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Molybdenum: supply contraction triggers a decidedly bullish rally
The hottest metal market at the moment is molybdenum, which enhances the performance of alloys in pipelines, jet engines, power generation turbines, and is used to make steel stronger, up 105% in the past year, settling on 17 February at 34.22 EUR/libre. Much of this...
Copper: First Quantum suspends ore processing at disputed Panama mine
First Quantum Minerals Ltd said today that its unit has suspended copper ore processing operations at the Cobre Panama mine. The company and the government of Panama are locked in a protracted contract dispute with taxes and royalties at the centre of the issue (read...
Tin: PT Timah aims to increase exports and production by up to 30 per cent
Indonesian tin miner PT Timah is aiming to increase refined tin production and exports by a third this year, after experiencing a sharp drop in shipments in 2022. Timah's refined tin exports stood at 17,280 tonnes last year, down 28.77 per cent from 24,260 tonnes in...
Copper: Peruvian protesters temporarily lift mining highway blockade
Peruvian protesters have temporarily lifted the blockade of a key mining highway in the south of the country, giving a boost to the activity of major copper mines, which have suffered a drop in activity in recent weeks due to the blockage of supplies. The 'mining...