Vale bullish on metal prices, seeks to accelerate copper projects
The iron ore miner is confident in the trajectory of copper in 2021.
The iron ore miner is confident in the trajectory of copper in 2021.
"A lot would depend on the reaction of big Chinese players such as Shanghai Dalu Futures, which has amassed a $1 billion long position."
Brokers say data the London Metal Exchange is using to support its proposal to shut its trading floor exaggerates the use of electronic platforms during coronavirus lockdowns.
Company logged $4.9 billion in provisions related to the Brumadinho dam disaster in quarterly earnings.
Base and battery metals exploration and development assets in North America that are on investors’ radar screens.
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.
Codelco warns that the spike in prices could drive up its costs.
Country aims to produce more than 900,000 tonnes of copper in 2021.
Underlying dynamics suggest it isn’t going to be a repeat of the epic China-led boom at the start of this century.
BMI says the combination of natural resources and a highly skilled workforce should help developing a sustainable value chain for battery materials.