Nornickel’s first-half net profit up 2%
Revenues at Nornickel increased 15% to $6.46 billion.
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The petition filed by the Johannesburg-based miner adds another layer of uncertainty to prospects for platinum group metals.
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Bullion is by far the country’s largest export good.
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The precious metal will trade between $3,300 and $3,600 an ounce over the next three months, analysts said.
China limits supply of critical minerals to US defense sector: WSJ
According to the WSJ, citing sources, the Chinese government is now refusing or delaying exports of minerals designated for military applications.
China may need to trim record copper output on shortage of ore
Research firm Shanghai Metals Market projects output this month at 1.168 million tons, 0.5% less than its peak in July.
Copper price rises with US tariffs, Codelco mine stoppage in focus
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As rescue ends in tragedy, Codelco asks experts what went wrong
The Chilean company is convening a panel of international experts to audit the El Teniente mine and establish what exactly happened.
Mitsubishi Materials may scale back copper smelting due to worsening margins
In June, peer JX Advanced Metals said that it was also considering copper production cuts.
