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Diversified miner Glencore achieved an 8% increase in copper output during the first half of this year and an impressive 31% jump in cobalt production over the same period, according to its latest half-year report released on August 8. The company’s production of nickel was also higher by 21% on year during the six months, it reported.
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Yunnan Aluminum Co, a Shenzhen-listed company headquartered in Southwest China’s Yunnan province, aims to increase its H2 aluminum production by 21.2% from H1 to 930,000 tonnes via the commissioning of two ongoing aluminum projects inside the province, according to the company’s interim report released on August 7.
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Anglo American, a major nonferrous and ferrous mining company in the world, has decided to develop a copper mine at 300,000 tonnes/year in metal in Quellaveco, South Peru, according to a company release on July 26.
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Yunnan Shenhuo Aluminum Co (Yunnan Shenhuo), the wholly subsidiary of Shenzhen-listed Henan Shenhuo Coal Industry and Electricity Power Co, has begun building a new 900,000 tonnes/year primary aluminum smelter in Southwest China’s Yunnan province, tapping the province’s huge (and cheap) hydroelectric power resources, Mysteel has learned. The new smelter complex will replace higher-cost capacity the company is stopping in Hennan province in Central China.
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Anglo American plc saw copper output from its Chilean mines grow sustainably during the first half of this year, gaining 10% on year to 313,000 tonnes, according to the Anglo's Q2 report released on July 19. The global diversified miner with headquarters in London and Johannesburg, cited higher grades of ore mined and growing efficiency in mines and plants to explain the rise in copper.
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BHP'S copper production including metal in concentrates and cathode surged 32% on year to 1.75 million tonnes in fiscal 2018 (July 2017-June 2018), with the core contribution from its invested Escondida mine in Chile, according to the company's latest quarterly production report released on July 18.
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Over January-June, Rio Tinto's copper operations performed strongly but its output of aluminium faltered, according to the company's latest production report released on July 17.
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Vale had a mixed second-quarter with its nonferrous metals businesses, according to the Brazilian miner's Q2 performance report released on July 16.
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Plans by Tesla, the Palo Alto California-headquartered maker of electric vehicles in the US, to build its next Gigafactory - a combination of car- and battery-making plant - in Shanghai, East China, clearly reflect optimism about the strength of China's market for such vehicles but likely suppliers of components and materials remain cool, awaiting more details, Mysteel learned last Friday.
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Rio Tinto, headquartered in London, has agreed to sell its off-take interest of copper production from Grasberg - a copper mine in Indonesia to the country's mining company PT Indonesia Asahan Aluminium (Inalum) for $3.5 billion.
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Xinxing Ductile Iron Pipes Co, China's largest ductile pipemaker and headquartered in Wu'an city in North China's Hebei province, plans to invest $13.47 million towards stage two construction of its nickel pig iron smelting project on Obi Island in East Indonesia's North Maluku, according to a company post on June 28.
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Shenzhen-listed Jiangsu Alcha Aluminium Company (Alcha), an aluminum processing enterprise headquartered in Changshu city in East China's Jiangsu province, plans to expand its business into downstream manufacturing by buying 100% of Taian Dingxin Cooling Mfg Company (Taian Dingxin), a maker of cooling systems for automotive use.
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In May, China's imports of semi-finished copper products dipped 2.3% on month, equivalent to 10,000 tonnes, to reach 430,000 tonnes, according to the latest statistics released by China's General Administration of Customs on June 23. Conversely, China's exports of finished aluminum products rose by 7% on month, the Customs data shows.
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Japan's Mitsubishi Corporation has reached a Heads of Agreement with multinational miner Anglo American to buy a 21.9% equity interest in Anglo American Quellaveco SA (AAQSA).
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Beijing-based CITIC Metal Co has reached a strategic cooperation and investment agreement with Canadian miner Ivanhoe Mines to acquire a 19.9% stake in Ivanhoe, according to CITIC Metal's announcement released on June 13.
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Tesla, the Palo Alto California-headquartered maker of electric vehicles, plans to build its next Gigafactory - a combination of car- and battery-making plant - in Shanghai, East China, which Chinese metal market sources suggest may increase demand for materials used in electric vehicles including aluminum, auto grade steel sheet, cobalt, nickel and lithium.
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Baoshan Iron & Steel (Baoshan Steel), China's largest flat steelmaker headquartered in Shanghai, is adding Yuan 1,000/tonne ($156/t) to the list prices of its stainless plate for July sales from its Baoshan and Dongshan bases, largely to offset its higher input costs, according to the steel company's latest pricing policy tabled Monday.
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Brazilian miner Vale has agreed to sell future cobalt output from its Voisey's Bay mine in Canada for $690 million so as to allow the company to make further investments in precious metals related to battery materials for electric vehicles, Vale said on June 12.
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China Minmetals Corporation, China's biggest metal ore mining company, signed an agreement on June 7 with Australian-British miner Rio Tinto to establish a 50:50 joint venture for mineral exploration, a Minmetals official confirmed on Friday.
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Chinese stainless steel maker Taiyuan Iron & Steel Group (TISCO) signed a cooperative structure agreement with Xishan Coal Electricity Group (Xishan Group) on June 1 to enhance their cooperation in aluminum, officials from both companies confirmed on June 5.
