No 1 source of global mining news and opinion
Russian copper exports to China and expectations of surpluses have emboldened Chinese buyers to try and dictate how much they will pay to Codelco for the industrial metal next year, industry sources say.
“China isn’t looking great, there is no shortage of material. Codelco might be able to impose premiums in Europe, but not in China,” a copper industry source said. Industry sources say significantly lower shipping costs to China from Chile and rising output in China at 7.75 million metric tons in the first nine months, up 12.7% from the same period in 2022 were also important.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China’s top copper buyers expect a 36% cut in Codelco premiumNo 1 source of global mining news and opinion
Read more »
Codelco is said to near buyout of Australia's Lithium PowerCodelco, the world’s biggest copper producer, is nearing a deal to acquire Lithium Power International that could value the Sydney-listed firm at nearly A$315-million ($202-million), according to people familiar with the matter. The Chilean State-owned firm is in advanced discussions to buy out Lithium Power at about 50 Australian cents per share, representing a 43% premium to its Wednesday closing price, the people said. The companies are working on finalizing a deal, they said.
Read more »
Codelco is said to near buyout of Australia’s lithium powerNo 1 source of global mining news and opinion
Read more »
CFO of world’s top copper miner is moving to job in lithium, not leaving companyCodelco’s chief financial officer is moving to a new job with responsibility for lithium and not leaving the Chilean state mining giant, according to the company’s chairman. The world’s No. 1 copper producer abruptly announced Alejandro Rivera’s resignation as CFO on Thursday, saying only that he would be pursuing “other professional challenges'.
Read more »
Google’s sustainability features now include an EV buyer’s toolIt also has an expanded Flood Hub and home energy comparisons.
Read more »
Tesla Had The Auto Industry's Highest Repeat Buyer Rate In H1 2023The Tesla Model 3 stood out as the clear leader with more than 74 percent of its returning consumers remaining loyal to the brand – usually by buying a Model Y.
Read more »