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Copper and zinc: Agnico Eagle will buy a stake in Teck Resources’ Mexican mine
Agnico Eagle Mines has agreed to acquire a 50 percent interest in Teck Resources' subsidiary, Minas de San Nicolas (MSN), which owns the San Nicolás copper-zinc mine development project located in Zacatecas, Mexico. Upon completion of the transaction, Teck and Agnico...
Aluminum: Chinese production grows in August despite energy problems
China's aluminum production hit a second consecutive monthly record in August at 3.51 million tons, up 9.6 percent from the same month a year earlier, thanks to the commissioning of new production capacity that more than offset restrictions on electricity use in some...
Weak profitability of China’s steel sector will stabilize at low levels
China's steel sector continues to face challenges from weaker-than-expected demand from the real estate sector, further complicated by Covid-19 pandemic-related restrictions that continue to disrupt construction activity. However, it does not expect the sector's...
Copper: price will regain March values in 2027
After reaching new highs in March 2022, copper prices have fallen 21 percent since the beginning of the year and no closer to the all-time highs touched in early March. Slowing global growth and the strong dollar, which makes copper more expensive in the rest of the...