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Copper and nickel: OZ Minerals gets final approval for a project
On Monday, the Western Australian government granted final regulatory approval for the miner to begin construction of its West Musgrave copper-nickel project. Global mining companies are trying to make money on metals such as copper and nickel, which are key raw...
Cobalt: prices remain at low levels despite rumors of Chinese stocks
Cobalt metal prices are hovering around 11-month lows and the short-term outlook is mixed, despite rumors of a possible stockpile of 2,600 tons of the metal by China's National Food and Strategic Reserves Administration (NFSRA). The stockpiling by the NFSRA has...
Steel: demand for construction products in China is likely to remain low for the rest of 2022
Domestic demand for construction steel in China is likely to remain low for the rest of 2022. Sales of excavators in China fell 24.9 percent year-on-year to 9,250 units in July, the second lowest level so far in 2022 after January, according to data from the China...
Copper: Antofagasta profits plummet on rising costs and drought in Chile
Antofagasta on Thursday reported a drop in half-year profits due to rising costs, falling quality levels, and a persistent drought in Chile that has affected copper production. The company said it will cut its interim dividend to 9.2 cents per share from last year's...