Freeport’s Cerro Verde copper mine in Peru hit by strike

A readjustment of Russian copper trade flows may not be nearly as smooth as Doctor Copper seems to be expecting, writes Andy Home.

A 35-year-old contractor worker died on Tuesday after falling through the roof of a copper concentrate storage shed.

Global copper mine production grew on average 2.3% in 2021, from a low base.

The flurry of deals on Tuesday came as LME prices moved back into line with nickel contracts trading on the Shanghai Futures Exchange, which remained open during a weeklong suspension of trading.

The property hosts a historic resource of 21.7 million tonnes grading 0.6% copper and 0.6 gram gold per tonne.

The deal came after more than two years of talks, Vale said in a securities filing.

Almost 19 years after its founding, Tesla has a car factory network that spans the globe.

LME three-month nickel tumbled as much as 14% to $27,020 a tonne just after Tuesday's market open.

Russia supplies about 10% of the world's nickel, 6% of its aluminum and around 3.5% of its copper. A ban on Russian metal could lead to shortages and further price surges at a time of rising inflation around the world.