Teck sells coal assets to Glencore, steelmakers for $8.9 billion
Under the deal, which still must be approved by regulators in Ottawa, Glencore is to pay $6.9 billion for 77% of Elk Valley Resources, Teck’s coal business.
Under the deal, which still must be approved by regulators in Ottawa, Glencore is to pay $6.9 billion for 77% of Elk Valley Resources, Teck’s coal business.
Unless massive new supply comes online in a timely way, the goal of net-zero emissions by 2050 will remain out of reach.
The Chinese miner grew its interest in First Quantum to 18.5% from 18.3%, after buying a total of 1.35 million shares this week.
Panama has been one of the fastest-growing economies in the Americas this century but expectations have also risen.
The commissioning of the secondary smelter in Augusta, Georgia, is planned for the second half of 2024.
The price for palladium has plunged nearly 40% so far this year while primary metal platinum is down 14%.
The gold miners’ stocks are lagging gold’s strong young upleg, their gains falling behind.
Cobre Panama has not stopped producing copper despite recent protests and blockades, though it has faced disruptions.
It warned of further changes at its palladium mines in the US as prices for the main PGMs have fallen faster than it anticipated.
Investors wiped out about $6 billion, or 48%, from the company's market value this week.