BYD postpones plans for 2025 Chile lithium cathode plant
Chinese carmaker BYD Co has postponed plans to produce lithium cathodes for electric vehicle (EV) batteries in Chile by 2025, the firm’s Americas head told Reuters on Tuesday.
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Visit: 48
Copper short squeeze in NY prompts rush to send metal to US
Copper futures in New York rallied to a record high after a short squeeze that’s prompted a scramble to divert metal in other regions to US shores.
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Visit: 30
US blames China’s CMOC for predatory tactics behind cobalt glut
China’s CMOC Group Ltd. is being accused by a top US official of using “predatory” tactics to depress prices of a key battery metal by flooding the market with cobalt from Democratic Republic of Congo mines.
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Visit: 41
Indigenous group to take fight against Arizona copper mine to Supreme Court
A Native American group said on Tuesday it will take its fight against Rio Tinto’s proposed Arizona copper mine to the US Supreme Court, after a federal appeals court refused to reconsider whether the US government may have improperly transferred land to the developer.
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Visit: 30
Teck sees $3bn in annual EBITDA if copper stays around current levels
Teck Resources Ltd expects to generate annual earnings before interest, depreciation, tax and amortization (EBITDA) of $3 billion if copper prices hit $5 per pound, CEO Jonathan Price said on Tuesday.
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Visit: 35
Korea Zinc sees US opportunities as it targets big copper growth
The world’s largest zinc smelter is planning to significantly expand its copper output, taking advantage of growth opportunities in the US as it seeks to become a leading player in the global transition to renewable energy.
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Visit: 38
Cochilco sees considerable increase in Chile’s copper price forecast
The state-run Chilean Copper Commission (Cochilco) will soon revise its copper price outlook, which will be considerably higher than the previous forecast, the body’s technical head said on Tuesday.
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Visit: 47
Codelco working to meet Q2 production goal
Chilean mining giant Codelco is still working to meet its estimated output for the second quarter, CEO Ruben Alvarado told Reuters, as the state-run copper miner is pushing to boost production up from its lowest in 25 years.
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Visit: 33
Lithium miner debuts as Ghana’s first listing in two years
Australian-based Atlantic Lithium Ltd., which is developing Ghana’s first lithium mine, has taken a step toward raising capital from equity investors in the country.
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Visit: 36
Indonesia adds nickel parks worth nearly $40 billion to strategic plan
Indonesia’s outgoing government has added 16 programs to its list of strategic projects that will receive state support, including five industrial parks for nickel processing, officials said on Tuesday.
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Visit: 39
Chile truckers protest rising crime in threat to mine transport
Truck drivers in Chile staged protests Monday in the mineral-rich north of the country and around the capital Santiago, demanding greater safety amid an up-tick in violent crime.
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Visit: 23
Congo allows Zijin mine to resume operations, ministry letter says
Democratic Republic of Congo’s government has lifted a suspension order on a Congolese copper and cobalt operation majority-owned by China’s Zijin Mining Group Co. Ltd, according to a letter seen by Reuters on Monday.
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Visit: 39
Peru zinc miner Volcan to avoid debt haircut, new owner says
Volcan Cia Minera SAA plans to make a series of debt payments through August and to refinance later obligations without imposing losses, said the head of its new controlling shareholder, dismissing speculation over a default or restructuring at the Peruvian zinc miner.
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Visit: 37
Peru copper output flat in March, but up 3.5% in Q1 2024
Peru’s copper production came in essentially flat for March at about 219,000 metric tons, government data showed on Monday, with output of the key industrial metal from January totaling some 641,000 metric tons.
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Visit: 35
What’s the outlook on mine maintenance spending?
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it mean for the sector?
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Visit: 42
Sibanye seeks to loosen borrowing restrictions as earnings plunge
South African diversified miner Sibanye Stillwater is discussing with lenders to temporarily lift limits on borrowings, it said on Friday, after weak platinum group metal (PGM) prices drove earnings 72% lower in the March quarter.
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Visit: 43
Philippines eyes boost to nickel processing capacity
The Philippines said on Friday it aimed to add three more processing plants in the effort to develop a downstream industry for its abundant nickel resources, after nations such as China and the United States expressed interest in the mining sector.
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Visit: 47
Copper price above $10,000 as supply worries counter faltering demand
Copper climbed above $10,000 a ton as predictions for tighter global supplies and rising consumption in electric vehicles and power grids countered signs of demand destruction in top user China.
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Visit: 48
Miners seek exemption from Canadian tax hike to save equity deals
Canada’s mining industry is pushing for an carveout to the federal government’s proposed increase to capital gains taxes, warning the hike will make it harder for junior miners to raise money to find new mineral deposits.
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Visit: 45
Chile copper output edges down in March
Copper output in Chile, the world’s largest producer of the metal, edged down in March, data from copper commission Cochilco showed on Friday, as production slid at state-run miner Codelco but rose at other major mines in the country.
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Visit: 46
Savannah could request compulsory land acquisitions for Portuguese lithium project
London-based Savannah Resources will if necessary ask Portugal’s government to authorize compulsory land acquisitions for its planned lithium mines in the country’s north, CEO Emanuel Proenca said, adding that it prefers “friendly deals”.
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Visit: 21
BHP-Anglo American deal raises alarm in Japan’s steel industry
Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo American.
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Visit: 34
India considers incentives for lithium processing
India is considering offering incentives to encourage private companies to set up lithium processing facilities, as New Delhi tries to develop its nascent lithium mining and boost supplies of the EV battery metal, three government sources said.
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Visit: 19
Panama president-elect rules out First Quantum talks until arbitration dropped
Panama’s president-elect has ruled out talks with Canadian miner First Quantum Minerals until it drops multiple arbitration proceedings it has launched seeking billions of dollars in compensation from the government over a mine shutdown order.
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Visit: 24
Savannah could request compulsory land acquisitions for Portuguese lithium project
London-based Savannah Resources will if necessary ask Portugal’s government to authorize compulsory land acquisitions for its planned lithium mines in the country’s north, CEO Emanuel Proenca said, adding that it prefers “friendly deals”.
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Visit: 19