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Zambia royalty spat halts $2 billion of copper mine projects
Copper miners in Zambia have halted $2 billion of planned investments because a royalty tax introduced last year makes the projects unviable, according to an industry lobby group. A plan by First Quantum Minerals Ltd. to invest $1 billion extending the life of its...
Iron ore price jumps 5% after Vale suspension
Iron ore prices surged on Wednesday on signs the Chinese economy continues to pick up pace and Vale, the top miner of the steelmaking raw material announced an output halt. Iron ore is up 34% this year after hitting its highest level since mid-January 2014 a fortnight...
Mid-Autumn Festival holidays
Chinese markets will be closed for the National Day and Mid-Autumn Festival holidays from October 1 to October 8, 2020. There will be no updates on chinese price data. You are unauthorized to view this...
Copper price surges on booming Chinese factories
Copper leapfrogged the pivotal level on Wednesday after a key gauge of the Chinese manufacturing sector, the world’s top consumer of the metal, showed new orders jumping to a nine-year high. Wednesday’s move brings gains for 2020 to 9.1% and 57% since the covid-19...