Copper market faces larger shortages, supply issues simmer
Benchmark copper prices on the London Metal Exchange, trading at around $5,850 a tonne, have tumbled nearly 9% this month.
Benchmark copper prices on the London Metal Exchange, trading at around $5,850 a tonne, have tumbled nearly 9% this month.
Lynas' status as a non-Chinese producer came into sharper focus this week after major Chinese newspapers reported Beijing was ready to use rare earths to strike back in its trade war with the US.
The 216 million tonne Jongju deposit 150km north of Pyongjang, theoretically worth trillions of dollars, would more than double the current global known resource of REE oxides.
The threat to weaponize strategic materials ratchets up the tension between the world’s two biggest economies before an expected meeting between Presidents Xi Jinping and Donald Trump at the G-20 meeting next month.
While differences between the men are glaring -- Musk wants his electric cars to break the world’s fossil fuel addiction -- the sudden downfall of Batista’s oil company offers a cautionary tale for Tesla investors.
President Edgar Lungu has swiftly followed through on his threat with a move to liquidate Konkola Copper Mines (KCM), the local operating unit of India's Vedanta and one of the country's biggest producers.
Eurasian Resources Group and China Non-Ferrous Metals Co. expressed interest in buying Konkola Copper Mines, should the Zambian government succeed in seizing it from Vedanta.
Volkswagen is making changes to its battery-purchasing plan worth about 50 billion euros ($56 billion) over concerns one of its supply deals, with Samsung, might unravel.
The latest move signals coal power generators are under pressure from high raw material costs and the government’s plan to cut electricity charges.
The Catalao mine was not in operation for two months as the company worked to bring its mine tailings dam into compliance with new Brazilian regulation.