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Guinea, the world’s biggest bauxite producer, is considering plans to compel miners to curb exports of bauxite in a bid to halt the slump in the price of the key raw material for aluminium production, sources told Fastmarkets on Monday March 9.
Canadian miner Teck Resources and Korea Zinc have agreed to set treatment charges (TCs) for zinc concentrates at $85 per tonne this year, a slight adjustment from last year’s all-time low of $80 per tonne, four sources told Fastmarkets on Friday March 6.
US animal fats and oils markets have moved higher in recent weeks alongside gains in soybean oil futures and diesel values, with improving renewable diesel and biodiesel economics driving stronger demand for feedstocks.
Lundin Mining and BHP published a preliminary economic assessment on February 16 for their Vicuña joint venture, projecting average annual copper production of 395,000 tonnes over the first 25 years of operation as Argentina’s copper concentrate pipeline continues to build. PSJ Cobre Mendocino separately confirmed on February 14 that its feasibility study was under way.
Chinese lead smelters turned more bearish on the procurement of raw materials in the week to Friday February 13, amid heightened price volatility in silver, which is often contained in lead ores as an important by-product and contributor to smelter profits, sources told Fastmarkets.
The outbreak of conflict between the US, Israel and Iran on February 28 has brought shipping through the Strait of Hormuz to a near halt, disrupting China’s steel exports to a region that accounted for 14% of its total finished steel export volume in 2025.
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