Molybdenum Top Stories

MINING.COM MINUTE: Biggest stories of the week

Rhodium price on track for new record, copper to extend…

Northern Dynasty shares dive on reports of planned Pebble halt

Shares of miner plunged 47% on Monday.

Latest Stories

Teck Resources down 5% after profits more than halve

The diversified miner suffered lower realized prices across the board with copper down 14% to $3.57 a pound, its realized coal price was 26% below Q2 2011 at $202 a tonne. Zinc (-15%), silver (-24%), lead (-22%) and molybdenum (-18%) prices all declined.

WTO probe ratchets up rare earth tensions with China

The World Trade Organization will investigate China's quotas and tariffs on rare earth minerals following prompting from the US, EU and Japan, who allege the export restrictions are in contravention of international trade regulations.

Chile’s largest open pit copper mine goes underground

Chile’s largest open pit copper mine, Chuquicamata, has officially started its conversion towards underground mining. The project will cost Codelco over $2 billion in the preliminary phase but will substantially increase production and extend the mine's lifespan.