Glencore copper output drops 11% as Rio takeover deadline looms
Annual copper production landed at the low end of guidance, while markets watch closely for a potential mega-merger.
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Australia’s Iluka flags impairment of minerals sands unit
The non-cash impairment charge for the segment is expected to be around A$350 million.
First Quantum said to seek buyer for Turkish copper mine
Company has sought to offload assets since Panama’s government ordered a shutdown of the company’s flagship mine in 2023.
Chile’s Mantoverde makes workers new offer as strike continues
The offer includes paying out the equivalent of $17,400 per worker, the company said.
Goldman warns base metals rally at risk on weak Chinese demand
Goldman’s most recent survey of the copper market showed order books at fabricators had fallen by 10% to 30%.
Grupo Mexico targets US expansion on copper boom
The firm said its Asarco unit was proceeding with plans to reopen and renovate its mothbolled Hayden smelter in Arizona and the Amarillo refinery in Texas.
Minaurum releases initial resource for Alamos silver project in Mexico
The company reported a resource estimate of 5.37 million tonnes grading 202 g/t silver.
Southern Copper sees lower output as silver rally grabs focus
Company expects copper output to decline over the next two years as ore grades fall at key mines in Peru.
Bolivia cancels Chinese zinc project, demands steel plant fixes
Authorities are pulling the plug on a $350 million zinc refinery, citing “terrible overpricing.”