Massive expansions won’t hurt cobalt price as supply shifts to oligopoly – report

As Congo’s cheap surface oxide ore is depleted, big miners are switching to underground sulphide sources, potentially giving the top 3 control of half the global supply of the battery metal.

MINING.COM Staff Writer | August 16, 2021 | 11:55 am

Peru calms interventionist fears with plan to tap copper riches

Peru’s new socialist government is working with the mining industry on a new approach to community relations and red tape.

Bloomberg News | August 16, 2021 | 10:06 am

GRAPHIC: Record high aluminum prices likely to spur destocking

Record aluminum prices in the United States and Europe will be sustained by Russia's mining tax for some months, but attempts to push prices even higher are likely to face headwinds.

Reuters | August 16, 2021 | 9:25 am

China’s steel output hits 15-month low

Chinese industrial production in July increased 6.4% y/y vs median estimate of 7.9%.

MINING.COM Staff Writer | August 16, 2021 | 8:47 am

Gold price extends gain on virus concerns, weak economic data

The rebound toward $1,780 also helped trigger some investors to buy back their bearish positions, says one analyst.

MINING.COM Staff Writer | August 16, 2021 | 8:44 am

Home: Funds unimpressed by mounting copper supply disruption

Macro headwinds in the form of slowing growth impetus in China and the spread of the Delta variant of covid-19 are currently outweighing copper’s micro-dynamics.

Reuters | August 16, 2021 | 8:29 am