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Copper: Jiangxi Copper increases stake in First Quantum
Jiangxi Copper, First Quantum's largest shareholder, has increased its stake in the Canadian company, which is still reeling from heavy losses caused by uncertainty over the future of its flagship copper mine in Panama. The Chinese mining group increased its stake in...
Steel: Outokumpu restructures operations in Germany to improve competitiveness
Finnish stainless steel producer Outokumpu announced plans to restructure its operations in Germany to increase its competitiveness in Europe. According to the restructuring, the precision strip production activities in Dahlerbrück will be transferred to Dillenburg...
Aluminium: Hindalco misses second quarter profit forecast due to falling prices and demand
India's Hindalco Industries, one of the country's largest aluminium and copper producers, on Friday reported a lower-than-expected quarterly profit, hurt by lacklustre aluminium demand and prices. The Aditya Birla Group-owned company, which operates in 10 countries,...
Zinc: Russian mine fire drives up metal prices
The fire at Russia's Ozerny mine has been extinguished, but it has ignited the zinc market. The three-month metal on the London Metal Exchange (LME) jumped to a five-week high of $2,631.50 per tonne on Wednesday when the news broke. The price has since fallen to...