The cautious outlook comes as global exploration budgets for nonferrous metals declined by 3% in 2024 to $12.5 billion from $12.9 billion last year, with juniors bearing the brunt of the cuts.
China depends on overseas imports for 60% of its aluminum resources as opposed to 70% of its copper resources.
Reuters | November 12, 2024 | 5:10 pm
The world’s largest zinc smelter has been caught up for months in a fight between its largest shareholders over strategy and direction.
Adaro is spinning off the coal mining unit valued at $2.45 billion to focus on developing cleaner energy, with an aluminum smelter being built in Kalimantan.
