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Copper: Codelco forecasts a deficit of 8 million tons by 2032
Chile's state-owned mining company Codelco, the world's largest copper producer, warned Thursday that global shortages of the metal could reach eight million tons by 2032 as soaring demand continues to offset new project numbers. Maximo Pacheco, chairman of Codelco's...
Australia will become “more assertive” on foreign investment in critical minerals
Australia, a major supplier of lithium, is set to become more selective about who it lets invest in its growing critical minerals industry, Treasurer Jim Chalmers said Friday. Australia, a major supplier of key minerals for the energy transition, such as rare earths,...
Copper: Aurubis CEO ‘disappointed’ that LME did not ban Russian metals
CEO of Aurubis, Europe's largest copper smelter, said Thursday he was disappointed with the London Metal Exchange's decision not to ban Russian metals. "I was disappointed that the LME did not take action," Roland Harings reported in an interview on the sidelines of...
Steel: blackout shuts down Ukraine’s largest independent steel mill
Ukraine's largest independent steel mill, ArcelorMittal Kryvyi Rih, said on Nov. 24 that it had to suspend production due to widespread blackouts across the country following Russian missile attacks on electrical infrastructure on Nov. 23, and, according to sources,...