Asia-Pacific metals industry welcomes TPP deal

The contract will be signed in March is effective for 10 years, Vale said on Wednesday.

The world’s biggest miners are now worth $1.35 trillion after losing a combined $126 billion over the course of 2024 as the copper rally faded and gold stocks once again underperformed bullion.

The company will stop buying and selling refined metals and mineral resources in the Chinese spot market.

Expansion could mean a boost to LME trading volumes if successful.