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Chile’s top copper miners boost June output
Chile’s largest copper mines boosted output in June, according to government statistics released late on Tuesday, churning out more of the red metal even as the coronavirus outbreak hit its stride in the South American mining powerhouse. The Chilean Copper Commission...
Cobalt price surges on transport delays from South Africa
Transport delays from South Africa against an increasingly robust Chinese demand have fuelled a price rally for cobalt hydroxide, used to make chemicals for electric vehicle batteries. Cobalt prices CBD0 on the London Metal Exchange are at $33,000 a tonne, the highest...
Premier Gold Mines considering US spin-out
Premier Gold Mines is currently evaluating asset reorganization options to maximize the value of its property portfolio, which potentially include spinning out to its shareholders the company’s US subsidiary that holds its Nevada assets, the company said on Wednesday....
Albemarle’s quarterly profit drops 45% as lithium sales slow
Albemarle, the world’s largest producer of lithium for electric vehicle batteries, posted a 45% drop in second-quarter profit on Wednesday as sales dropped across all its divisions. The company posted net income of $85.6 million, or 80 cents per share, compared to...