Chile accuses Albemarle of allegedly underpaying royalties on its sales.

Copper price keeps soaring as bullish sentiment prevails; Iron ore price retreats on higher steel inventories in China; Gold price dealt ‘fatal blow’ by bond yield rally

Iron ore prices fell on Friday after hitting their highest level since September 2011, as a survey of inventories of steel products in China showed a significant increase.

The division will be headed by Maria Luiza de Oliveira Pinto e Paiva, who until this month has been head of sustainability at Brazilian pulpmaker Suzano SA.

Metal prices surged during the first trading day since the lunar new year in China, as activity ramps up to pre-pandemic levels.

Company posted a 21% drop in full-year core earnings as a run of pandemic-driven production roadblocks wiped out the boost from higher gold prices.

Average realized price for copper jumped about 26% to $3.42 per pound, while sales stood at 80,000 tonnes compared with 75,000 tonnes a year earlier.