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China factory, building boom sends iron ore price to 6-year high
Iron ore prices hit six-and-a-half year highs on Thursday as the Chinese construction and manufacturing sector experiences levels of activity last seen almost a decade ago. A key gauge of economic activity in China – responsible for more than half the world’s steel...
Copper heads for historic squeeze with China’s demand red hot
The global copper market could be on the cusp of a historic supply squeeze as Chinese demand runs red hot and exchange inventories plunge to their lowest levels in more than a decade. A growing chorus of traders and analysts say those dwindling spot reserves could...
EU adds lithium to critical raw materials list
The European Union has added lithium, used in batteries that power electric vehicles (EVs), to a list of critical materials that it plans to support locally as part of a strategy to reduce reliance on imported supply. The group of 27 nations will need about 60 times...
Codelco sees copper production drop in July
Chile’s state-owned copper miner Codelco saw a 4.4% drop in year-on-year production in July as the coronavirus hit its peak in the nation and forced the company to scale back staffing, slow projects and switch off a smelter. Codelco produced 133,300 tonnes of copper...