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Cobalt: prices remain at low levels despite rumors of Chinese stocks
Cobalt metal prices are hovering around 11-month lows and the short-term outlook is mixed, despite rumors of a possible stockpile of 2,600 tons of the metal by China's National Food and Strategic Reserves Administration (NFSRA). The stockpiling by the NFSRA has...
Steel: demand for construction products in China is likely to remain low for the rest of 2022
Domestic demand for construction steel in China is likely to remain low for the rest of 2022. Sales of excavators in China fell 24.9 percent year-on-year to 9,250 units in July, the second lowest level so far in 2022 after January, according to data from the China...
Copper: Antofagasta profits plummet on rising costs and drought in Chile
Antofagasta on Thursday reported a drop in half-year profits due to rising costs, falling quality levels, and a persistent drought in Chile that has affected copper production. The company said it will cut its interim dividend to 9.2 cents per share from last year's...
BHP, Pan Pacific Copper and Norsepower collaborate to reduce emissions on shipping lanes
BHP has partnered with Pan Pacific Copper - a member of the JX Nippon Mining & Metals group - and Norsepower - a global supplier of auxiliary wind propulsion systems - to reduce greenhouse gas emissions from shipping between BHP's mines in Chile and PPC's smelters...