Copper price crashes through $4.00, down 7% Massive selloff in industrial metals wipes billions off mining stocks – Freeport down 14%, Rio Tinto 11% for the week. Frik Els | March 4, 2021 | 11:31 am
Seafloor miner DeepGreen plans listing through SPAC merger Sustainable Opportunities Acquisition Corp will combine with DeepGreen in a $2.9bn deal. Canadian Mining Journal Staff | March 4, 2021 | 9:18 am
Flights halted from PNG copper mine to Australia over virus cluster Five new confirmed infections were linked to the Ok Tedi copper mine. Reuters | March 4, 2021 | 7:28 am
US broke record on energy storage deployment in Q4-2020 Over 2,000 megawatt-hours of new energy storage systems were brought online in Q4-2020 in the United States. MINING.COM Staff Writer | March 4, 2021 | 6:13 am
Turquoise Hill CEO quits on Rio Tinto meddling Ulf Quellmann has resigned after top shareholder Rio Tinto told the Canadian miner it plans to vote against his re-election. Cecilia Jamasmie | March 4, 2021 | 3:55 am
Green revolution gets more expensive as copper price surges Copper is a vital part of green infrastructure from grids to wind turbines, and a recent price surge threatens to make decarbonization more costly. Bloomberg News | March 4, 2021 | 3:30 am
Global copper smelting edges lower in February due to Chinese holiday The decline in China was partially offset by gains in Europe and North America. Reuters | March 4, 2021 | 2:09 am
Congo’s cobalt and copper production jumped in 2020, central bank says Congo produced 85,855 tonnes of cobalt in 2020, up 10% from 2019. Reuters | March 4, 2021 | 1:21 am
Resource nationalism surge spells rough times for miners Resource nationalism has been on the rise over the past year, but Verisk Maplecroft believes the worst is yet to come for miners as governments try to claw back the financial losses of the pandemic. Cecilia Jamasmie | March 4, 2021 | 1:00 am