Reuters reports that a new plan released by the Brazilian government states that the country will more than triple it’s output of iron ore, copper and gold by 2030. The market news is quoted as saying: The document did not lay out specific requirements or incentives for companies that add value to their products before exporting [...]
Usfunds.com reports on the role of China on Copper Market.
Zambia’s Konkola Copper Mines has contracted Brazil’s U & M Mining to help it mine for copper in Zambia as it seeks to surge output to 500,000 tonnes by 2011. For full story, click here
Zambia’s state-run power utility is rationing electricity to its vital copper mines due to a water weed, introduced from Brazil in the 1990s as a flower, has blocked flows into the biggest hydro power dam. For full story, click here
The one-day drop in Chilean stocks was the lowest in years and the peso is at its lowest in 3-years. The tumbles were attributed to the fear around a global credit crisis as well as the dive in copper, which is the country’s main export. Chile produces about a third of the world’s copper, and [...]
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