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Copper and nickel: Sibanye-Stillwater in talks to buy two Brazilian mines
South Africa's Sibanye-Stillwater is in talks to buy two Brazilian nickel and copper mines, as miners around the world seek to secure supplies of the metals used in batteries for electric cars, which are crucial to the transition to a green economy. The precious...
Copper: Codelco reaches union agreement with Salvador mine
Codelco, the world's largest copper producer, reported Thursday that it has reached an agreement with its union at the small Salvador mine. A 36-month agreement that will not include wage adjustments, but will include a $4,980 bonus for each union member, in addition...
Copper: Freeport production below expectations
Freeport-McMoRan Inc. produced less copper than expected last quarter from its mines in the Americas, adding to concerns about a tense global market that has seen prices soar to record levels. The largest listed copper miner produced 987 million pounds of the metal in...
Copper: inventories in warehouses are getting low
The problem stems from the physical nature of the LME: anyone who holds a contract to maturity becomes the owner of a package of metal in an LME warehouse. On the other hand, anyone who has sold one has to deliver the metal when the contract expires. But with copper...