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Stronger Chinese sales keep traders’ steel stocks down
Steel demand throughout China remains stable, a trend highlighted by the prolonged decline in the volume of stocks of five major steel products. New data show that the volume held by traders from 30 October to 5 November decreased by 5.9% per week and was reduced for...
Tanzania finalises permit for its first rare earth mine
Tanzania is in the final stage of approving a permit for the country's first rare earth mine to the Australian company Peak Resources Ltd., as the government seeks to obtain a larger share of revenue from natural resources. The state is also finalizing a gold mining...
Turquoise Hill takes Rio Tinto to arbitration on mine financing in Mongolia
Canadian Turquoise Hill Resources is leading Rio Tinto to an arbitration on the mining giant's role and obligations to support the company in securing additional funding for the vast gold-silver copper mine at Oyu Tolgoi in Mongolia. Turquoise Hill reported that a...
Albemarle goes ahead with expansions despite the weakness of the lithium market
Albemarle Corp, the no. 1 lithium producer, is proceeding with expansion projects in Kemerton in Western Australia and La Negra in Chile, both planned for next year. Delivering fourth quarter results, the US-based lithium giant expects higher-than-expected operating...