De Beers to spend $1 billion on Botswana mine expansion

The London Metal Exchange is coming under renewed pressure to exclude Russian aluminum from its warehouse system.

The company reported on Thursday a 38% rise in second-quarter net profit on higher copper sales.

Vale posted net income of $892 million, while analysts polled by Refinitiv had forecast a profit of $2.21 billion.

In its quarterly report, the company said that part of its Los Chancas project "continues to be occupied by illegal miners"In its quarterly report, the company said that part of its Los Chancas project "continues to be occupied by illegal miners".

Vale Base Metals is expected to invest $25-30 billion in new projects across Brazil, Canada and Indonesia over the next decade.

The company is targeting total copper recoveries in the mid-nineties from this breakthrough.

Teck is considering a “number of structures” proposed by multiple interested buyers, CEO Jonathan Price said.

Mehech discusses the miner's technology strategies, the implications of the country's National Lithium Strategy, and perspectives on the future demand and pricing of the key battery metal.

Minister Madeleine King said the government would prioritise support for critical minerals projects that underpin key technologies such as battery chemicals.