Codelco cuts cocktail party, tables in key Asia copper event amid restructuring

The deal has also cleared competition regulators in Vietnam and Brazil.

Glencore Chief Executive Gary Nagle is flying to Toronto to meet with some Teck shareholders on Thursday to personally lobby them to support the deal.

Glencore presented a revised plan, giving Teck shareholders the option to receive up to $8.2 billion in cash instead of shares in the spun off coal company.

The $178 million investment will allow more of Rio's aluminium production to be used to make billets from renewable hydroelectric power.

Higher stocks of Russian aluminum on the LME are a concern as they could weigh on benchmark prices.

Newcrest’s Telfer gold mine is expected to get a deluge of heavy rain later this week.

Macquarie analysts upgraded their Newcrest share price target by 18% on the back of the sweetened Newmont offer.

Both deals — if completed — would rank among the top 10 biggest takeovers of metals producers.

World’s top 50 mining companies build on gains in the first quarter of 2023, but remain well below valuations this time last year as M&A fever grips the sector.