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Reuters

Reuters is an international news organization owned by Thomson Reuters. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data.

Sigma Lithium doubles production target at Brazil mine - CEO

27th May 2022 Canadian miner Sigma Lithium has more than doubled its target production rate at its Brazilian lithium mine, set to begin production in December, valuing the mine at $5.1-billion, co-chief executive Ana Cabral told Reuters on Thursday. Cabral said the mine will begin operations with a target of... 

POSCO Chemical plans to invest in $633m battery materials plant with GM

27th May 2022 South Korea's POSCO Chemical said on Friday it plans to invest in a $633-million battery cathode materials plant in Canada with U.S. automaker General Motors Co (GM). The South Korean materials maker said in a regulatory filing that it plans to invest $278-million through September 2024 on the... 

Workers at Rusal's Guinea bauxite mine go on strike

26th May 2022 Workers at Russian aluminium giant Rusal's Guinea subsidiary Compagnie des Bauxites de Dian Dian (Cobad) went on strike on Thursday, a union leader told Reuters. Rusal did not immediately reply to a request for comment, and it was not immediately clear whether production at the Cobad bauxite mine... 

Copper extends losses on fears of a global recession

26th May 2022 Copper prices fell for a third day in a row on Thursday and tin slumped to a one-week low as a gloomy economic outlook for top metals consumer China fanned concerns about a global recession, though a soft US dollar lent some support. Three-month copper on the London Metal Exchange was down 0.3%... 

China's economic slowdown woes dent benchmark iron ore futures

26th May 2022 Chinese iron-ore futures fell more than 4% on Thursday as downstream demand remained muted, while investors fretted over cues that the world's second-largest economy is contracting in the second quarter amid the Covid-fuelled chaos. China is facing bigger economic difficulties than in 2020, with... 

Several dead in fighting between miners in north Chad, govt says

26th May 2022 Deadly clashes have broken out between gold miners in north Chad, the interim government said on Wednesday, as a local rebel group's unconfirmed report of at least 200 fatalities in the area circulated on social media. The violence broke out at an informal gold mining site in the mountainous... 

Commodities in 'perfect storm' says ERG, as crisis starts super cycle

26th May 2022 Years of under-investment in mining of metals essential to energy transition, supply shocks and high energy prices will continue to drive commodity prices higher, Eurasian Resources Group (ERG) CE Benedikt Sobotka said on Wednesday. Combined with Covid-related logistical issues and demand for... 

Mexico to take Vulcan Materials to court if necessary, President says

25th May 2022 Mexico will go to local and international courts if there is no agreement with US firm Vulcan Materials over its mining activity in the state of Quintana Roo, President Andres Manuel Lopez Obrador said on Wednesday. The Mexican government suspended the mining operations of the company earlier in... 

Growth worries push copper prices lower

25th May 2022 Prices of copper and most other industrial metals fell on Wednesday on concerns that slowing economic growth and Covid-19 lockdowns in top consumer China would depress demand. Benchmark copper on the London Metal Exchange (LME) was down 1.5% at $9 310 a tonne at 11:28 GMT. 

Rio Tinto's Madagascar mine restarts after reaching deal with protesters

25th May 2022 Rio Tinto's QIT Madagascar Minerals (QMM) mineral sands mine restarted production on Monday following a five-day halt, after reaching an agreement with demonstrators who had set up roadblocks at the site, Rio told Reuters on Tuesday. Communities surrounding QMM's mine in southeastern Madagascar... 

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