Union leaders at a BHP Group mine in Chile will present a new wage proposal to members in the latest sign of easing labor tensions in the top copper-producing nation.
The announcement comes amid surging energy costs in China and electricity shortages in some provinces that have forced some factories to cut production.
The World Platinum Investment Council said this week that it expects higher costs of palladium, used in vehicle pollution-control devices, to spur a gradual switch by automakers to using more platinum in gasoline-powered cars and trucks.
The Rio de Janeiro-based company said it’s targeting production capacity of 370 of million tonnes next year, compared with a previous 400 million tonnes goal.