Copper price takes another huge hit

Canada Pension Plan Investment Board says it will vote for Teck’s plan to split the mining company after a “technical error” last week caused it to state the opposite.

Plans by Myanmar's Wa militia to suspend mining in areas it controls from August sent tin prices up 15% to 10-week highs.

Production hit 178,100 tonnes of copper in Q1 mainly due to the ramp-up of its newly opened Quellaveco copper mine in Peru.

Glencore declined to comment on whether it has met yet with CIC.

The new financing vehicle could start next year if the ruling coalition agrees on the funding.

"We need companies like Teck here in Canada, companies with a strong commitment to Canada," Freeland wrote in a letter to the Greater Vancouver Board of Trade.

The bitter Teck-Glencore brawl is headed for a potential climax this week.

The company is setting targets for its new Caserones mine and waiting to expand its existing Candelaria mine.

Miner reported lower copper, zinc and nickel production in the first quarter.