Zambia’s KCM to shut down Nchanga smelter between July and August
KCM will spend $27.63 million on the process.
KCM will spend $27.63 million on the process.
Activists continue to block police attempts to demolish the village of Luetzerath to make way for the expansion of an opencast coal mine.
There still are more than a “few disagreements” between the parties, Panama's Ministry of Commerce and Industry said.
The Vancouver-based miner and Panama have been negotiating new tax terms on a mine that accounts for about 1.5% of global copper output.
In the meantime, First Quantum said it is drawing up the maintenance plan for the mine to submit to government.
Meanwhile, the US dollar slipped to its lowest in seven months, making gold cheaper for overseas buyers.
Mainland China opened sea and land crossings with Hong Kong and ended a requirement for incoming travelers to quarantine.
Commodities are having a volatile start to the year as China’s virus tsunami and policy shifts leave investors scrambling to calibrate expectations for 2023.
Traders now await the US Labor Department's nonfarm payrolls data on Friday.
Grant part of the Battery Materials and Battery Manufacturing and Recycling Funding Opportunity program of the Infrastructure Investment and Jobs Act.