The copper market is currently experiencing a squeeze on physical metal which is unexpected.
Latin America Mining News
Operations will resume before year end, but a planned ramp-up to 26.5 million tonnes per year is likely to be pushed back to 2021 from 2020.
The United States is seeking to impose quotas on Mexican steel exports as part of a negotiation to remove metals tariffs.
CEO Fabio Schvartsman said the company would only invest further in nickel if global prices for the metal rise from $13,000 per tonne currently to around $20,000 per tonne.
Iron shipments fell about 5 percent, hurt by planned maintenance and safety pauses across all operations following a fatality.
BHP has agreed to pay 45 pence per SolGold share.
Iron ore production at the S11D and Carajás projects grew nearly 20 percent to record 53.9 million tonnes, accounting for most of the increase.
On Oct. 11, Chile's Constitutional Court put the brakes on a $4 billion deal allowing the sale of A 24 percent stake in SQM to China's Tianqi Lithium Corp.
The operation was put on hold in 2013 due to environmental issues, political opposition, labor unrest and development costs that ballooned to $8.5 billion.
Chile's Codelco is in the midst of upgrading its smelter at Chuquicamata, its second largest operation by size, to comply with stricter emissions standards coming in effect in December.
Settlement creates partnership that could lead to restarting production at Rusoro's former mines in the South American country.
A wave of environmentally focused anti-mining referendums over the past 18 months have worried investors.
The Constitutional Court said it would hear arguments in the case on Oct. 22.
The company's recently-acquired Riacho dos Machados (RDM) mine will be closed for about two months.
Chile expects lithium to soon become its second largest mining asset, just behind copper. It's currently the country's fourth biggest export.
Albemarle requested an increase of 258,446 metric tons of Metallic Lithium Equivalent but the government says the information provided was not sufficient to justify the increase.
Bolivia will choose a new junior partner to help industrialize its lithium deposits from among seven companies that submitted proposals.
The Chilean miner has been seeking a buyer for all or part of itself to raise $1 billion to dig for copper and gold in two of its mines in the country's north.
The country's antitrust court has approved a deal between the competition regulator and Tianqi, allowing the Chinese miner to buy a nearly one-quarter stake in lithium producer SQM .
Hydro plans to halt production and lay off 4,700 people at Alunorte, which has been operating at half capacity since March due to an environmental dispute.
The contract requires Albemarle to offer as much as 25 percent of its annual production capacity at a discounted rate to companies within Chile.
The project, known as the Salobo 3, is expected to add about 50,000 tonnes to the open-pit mine’s current capacity of 200,000 tonnes of copper per year
The definitive agreement comes almost three years after the incident, which killed 19 people and became the country’s worst ever environmental disaster.
Peru has the potential to overtake Chile to become the world’s biggest copper producer, but it’s being held back by a lack of infrastructure and a ten-fold increase in permitting in the last seven years
The agreement protects Canada's automotive industry from potentially devastating U.S. tariffs.