Damage from Brazil’s Samarco disaster at least $6.7bn, study says The conclusions come as Brazilian authorities and Samarco co-owners enter the final phases of a re-negotiation of a 2016 settlement. Reuters | November 3, 2021 | 1:20 pm
Global copper smelting extends recovery in October Copper smelting in China is ramping up after seasonal maintenance in the third quarter. Reuters | November 3, 2021 | 8:17 am
Codelco see copper production fall in September BHP's Escondida, the world's largest copper mine, saw production drop 12.2% year-on-year to 82,600 tonnes in the same month. Reuters | November 3, 2021 | 8:00 am
Cleveland-Cliffs CEO says no plans to replace blast furnaces to cut emissions Company has no plans to replace any of its coal-fueled blast furnace operations with electric-arc furnaces. Reuters | November 2, 2021 | 11:43 am
Funds still wary of shorting super tight copper market A slowdown in China’s manufacturing sector is casting an ever larger shadow over the copper market, writes Andy Home. Reuters | November 2, 2021 | 8:15 am
Codelco hikes 2022 copper premium for Chinese buyers The world’s biggest copper miner has offered Chinese customers annual copper supply for 2022 at a premium of $105 a tonne. Reuters | November 2, 2021 | 7:59 am
Metso doubles order intake but supply chain problems weigh on sales Metso also updated its carbon emissions target, saying it now aims to reach net-zero by 2030 instead of a 50% reduction. Reuters | November 2, 2021 | 7:44 am
Argentina, Fortescue unveil $8.4bn green hydrogen investment plan Fortescue is looking at developing the project in the province of Río Negro with a view to producing green hydrogen on an industrial scale. Reuters | November 1, 2021 | 2:30 pm
Vale’s Long Harbour nickel two-thirds less CO2 intensive than industry average Vale has pledged up to $6 billion to cut Scope 1 and Scope 2 carbon emissions by 33% by 2030. Reuters | November 1, 2021 | 11:21 am
Europe’s EV battery strategy threatened by supply chain gaps, Eramet says Eramet is struggling to attract investment from its home region to process its overseas nickel, lithium and cobalt reserves into battery materials. Reuters | November 1, 2021 | 10:12 am
Rusal seen completing demerger of higher carbon assets in H2 2022 The new AL+ is expected to keep 60% of its current aluminum and 70% of alumina production assets. Reuters | November 1, 2021 | 9:46 am
Indonesia court ruling on mining law won’t deter companies extending licences Indonesia's Constitutional Court ruled last week that guaranteeing mining permit extensions was unconstitutional. Reuters | November 1, 2021 | 7:53 am