Goldman doubles down: Record-high copper price within a year

There may be a slight problem with the prevailing theme for the iron ore market this year, namely that China is increasingly interested in using higher-grade ore as part of efforts to boost output and lower per unit pollution.

Major miner Rio Tinto named Jacob Stausholm to replace outgoing financial boss Chris Lynch when he retires in September.

Iron ore shipments from the world's biggest export terminal rose to 45 million tonnes in May from 42.6 million tonnes in the previous month.

The union at the world's largest copper mine said BHP has promised to respond to its recent proposal for a new contract by 3 pm local time on Monday.

The strong role uranium plays in supporting first world medical practices in Australia was also explored at the conference.

The battery cell maker is working on the first section of the factory, in Skellefteå in the north of Sweden, which will be completed in 2020 and produce eight gigawatt cell capacity per year.

Move comes a day after Fortescue Metals said it had built a stake in Atlas large enough to block a takeover.

Fortescue said it had agreed to buy a 15 percent stake in Atlas at A$0.04 per share, or A$55.7 million.

The companies are committed to explore for mineral deposits first in the Asian country and then the rest of the world .