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Copper: prices up as Chinese production data boost demand hopes
Copper prices are rebounding today after data on manufacturing activity in main consumer China boosted demand hopes. Three-month copper on the London Metal Exchange was up 1.17% (11:27 a.m. GMT+1) at $9,085 a tonne while the most traded April copper contract on the...
Copper: Grasberg mine operations return to normal
Freeport Indonesia has restored operations at its huge Grasberg mine in the Indonesian region of Papua after it was hit by flooding. The company had been forced to halt operations at its flagship mine in February after heavy rains and mudslides damaged the facilities....
Rare earths: Australia prevents China’s Yuxiao from increasing its stake
Australian rare earths producer Northern Minerals said on Tuesday that the federal government had prevented its largest shareholder, China's Yuxiao Fund, from increasing its stake in the company on national interest grounds. Yuxiao Fund needed Foreign Investment...
Copper: Panama and First Quantum close to an agreement
The Panamanian government and Canada's First Quantum are close to an agreement on negotiations for the Cobre Panama copper mine management contract. The agreement could be reached in less than two weeks with only three issues remaining to be resolved, two of which are...