Chilean Antofagasta announced 4-month copper mining outage
Copper mines in Los Pelambres located in middle Chile will suspend operations in upcoming 120 days
Antofagasta has announced coronavirus pandemic as an official reason...
China’s iron ore futures surge
China’s iron ore futures increased during Tuesday’s session as industrial production revived in the most populated country
May futures iron ore delivery grew in 1,5%...
Britain’s oil demand plunged
Oil demand dropped between 50-70% due to movement restrictions in the UK
Most dealers have to cancel new orders in a reaction to the demand...
Joint oil alliance between the US and Saudi Arabia?
The Trump administration may be exploring options to convince Saudi Arabia to quit oil war with Russia
American miners suffer from the disputes the most.
Oil...
Peru mines halted due to coronavirus. Chile to be hit soon.
Peru mines halted operations in mines due to government restrictions on coronavirus
Neighboring Chile is awaiting coronavirus epidemic consequences.
Pan American Silver company temporarily suspended operations...
Saudi Arabia vs. Russia: who wins the oil-price war?
The black gold price dropped in one third, which is the biggest price plunge since the end of the 1991 Gulf war
The fall was...
OPEC and Russia to meet in Vienna. Will oil production be reduced?
On Thursday and Friday, OPEC+ representatives meet in Vienna
OPEC member countries, Russia and some smaller oil exporters will discuss oil production reduction, which would...
Fair trade market with cocoa beans controlled by international companies
International cocoa beans traders began to buy harvests from local producers and exclude local buyers as they can offer higher prices to growers
Local cocoa...
Mitsubishi to gain stake in Chile’s copper mine
Japanese holding Materials Corporation will pay $263 billion for 30% share in copper mine Mantoverde
For months, the Japanese company have tried to find an...
Profit of mining company Livent Corp to decline due to lithium
American lithium company Livent Corp announced 87% drop in quarterly adjusted profit
This year, the company forecast further decrease.
The significant decline in economical results is...
