Metals melt down as recession fears overwhelm supply woes Industrial metals have gone from boom to bust in the space of only three months, writes Andy Home. Reuters | July 4, 2022 | 1:07 pm
Chile’s copper production drops 2.5% in May Production from state-owned giant Codelco fell 6.3% on a year-on-year basis to 142,900 tonnes. Reuters | July 4, 2022 | 1:05 pm
Battery material lithium isn’t a health threat – industry groups A proposal by the European Chemicals Agency wants to classify lithium salts as dangerous for human health. Reuters | July 4, 2022 | 12:50 pm
CRU appoints new Regional Director of Sales for Middle East and North Africa Zain Ajlouni will be based out of Dubai, UAE and will cover mining, metals and fertilizer clients across the region. Staff Writer | July 4, 2022 | 12:47 pm
Billionaire Oppenheimer wins ban on mining at Zimbabwe farm South Africa’s second-richest man won a court order to temporarily halt mineral exploration on his private family ranch in Zimbabwe. Bloomberg News | July 4, 2022 | 12:38 pm
Nevada Copper arranges $70m loan to maintain Pumpkin Hollow underground mine operations Pumpkin Hollow was the first copper mine to come online in the US over the past decade. Staff Writer | July 4, 2022 | 12:36 pm
Copper price below $8,000 as slowdown fears mount "Inventories for metals are shrinking to multi-year lows." MINING.COM Staff Writer | July 4, 2022 | 12:35 pm
Banks step up trade finance in global commodities boom Commodity trading houses have seen earnings climb as they capitalize on wild swings in prices and arbitrage opportunities. Bloomberg News | July 4, 2022 | 12:06 pm
Epiroc to supply battery-electric equipment to Glencore’s Onaping Depth project Automation solutions will be used at what will be one of the world’s first all-electric mines. Staff Writer | July 4, 2022 | 12:04 pm