Codelco submits $1B plan to extend Salvador mine life beyond 2021

Inventories of copper in LME-registered warehouses have surged 141% in the past three months.

The company said costs for its Araguaia nickel project in Brazil will escalate by at least 35%.

Nearly 90% of union members voted to approve the agreement.

After signing a minerals deal with Japan in March, the US, along with both the EU and Britain, is now seeking similar agreements.

The gathering brought together CEOs from more than 50 companies from the oil and gas sector and the aluminum, steel and cement industries.

Copper and silver are often skipped over in discussions of metals needed for the green economy, with battery metals like lithium, graphite, cobalt and nickel hogging the limelight.

Both the Tia Maria project and the Las Bambas copper mine have been heavily opposed by local communities.

The union says BHP is looking to reduce benefits and production bonuses while extending working hours.

The collaboration will aim to increase Fortune's cobalt and bismuth refining operations to process co-product streams of the minerals recovered from the Kennecott smelter.