Chinese broker Shanghai Dalu holds top long position in INE copper
The brokerage’s large bullish bets have startled some traders as prices for copper, widely used in power and construction, hit 9-1/2-year highs.
The brokerage’s large bullish bets have startled some traders as prices for copper, widely used in power and construction, hit 9-1/2-year highs.
Capstone’s production for the year comes in at 156.9 million lb copper, surpassing its 2020 guidance.
The company has agreed to buy a share of cobalt production from Vale’s Voisey’s Bay mine in Canada, giving the mining royalty and streaming company exposure to the key battery metal for the first time.
Company also expects to begin commercial production at its Aripuanã zinc project in Brazil by 2022.
The updated resource estimate will form the basis of the upcoming bankable feasibility study due out in Q2 2021.
It has received an installation licence for PNP1000, the initial, small-scale production phase of its Piauí nickel-cobalt project, in Brazil’s north-east.
Victims argued that the settlement was signed without their participation and that 20,000 people who were impacted by the disaster were excluded from the deal.
The miner has earmarked almost all the proceeds from a $1.5 billion equity offering to expand its lithium capacity.
Global iron ore production growth will accelerate in the coming years, bringing an end to the stagnation that has persisted since 2015, Fitch says.
High rain volumes at major ports will continue to represent a challenge for Brazilian players during 1Q.