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Copper: Peru approves expansion of Las Bambas mine
MMG Ltd reported on Thursday that it has obtained approval from Peru's Ministry of Energy and Mines to expand its Las Bambas copper mine, despite ongoing outrage from local indigenous communities. Located in the Apurimac region of southern Peru, the Chinese-owned mine...
Aluminium and steel: US and UK remove 4-year tariffs
The dispute over aluminium and steel tariffs between the US and the UK has come to an end. On Tuesday 22 March, Anne-Marie Belinda Trevelyan, Secretary of State for International Trade and chair of the Board of Trade since 2021, officially reported that both countries...
Aluminium: Russia’s new natural gas supply policy could impact production
Exactly one week ago, London Mercantile Exchange (LME) listed aluminium prices started a good recovery, gaining about 14.80% to date (24 March 2022), standing at $3,700/mt. The price of natural gas rose 34% in Europe after Russian President Vladimir Putin announced...
Copper: how the Russian threat affects international trade
Copper prices have remained calm amid the chaos that has engulfed the London Metal Exchange (LME) this month. The London copper market was briefly shaken by the collapse in margins that triggered the 8 March suspension of the LME nickel market, with a short-lived...