High copper prices support miners in Chile, but investments dent gains

Despite strong copper prices, growing investment demands are offsetting much of the gains posted by mining companies in Chile, Moody’s said in a report on Thursday. Chile, the world’s largest producer of the red metal, is undergoing an investment cycle focused largely on maintaining production levels and replacing depleted reserves as large deposits age. Moody’s said that the current investment …

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Big boost for platinum, palladium as China exchange internationalises trading

From Monday, September 28, China will give international investors access to trading in palladium and platinum on the Guangzhou Futures Exchange (GFEX), where domestic exchange activity has been improving price discovery since the launch in November last year. Now, the GFEX’s investment scope is reaching out to foreign institutional investors and giving them full access to platinum and palladium futures …

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US, Japanese officials discussed China’s yttrium curbs

US and Japanese government officials and company officials met to discuss supply bottlenecks affecting ‌access to Chinese yttrium, a rare earth metal vital to aerospace and chipmaking, ⁠two weeks before President Donald Trump’s summit ⁠with Chinese President Xi Jinping, a document seen by Reuters shows. The meeting, convened by the Trump administration on September 10, provided “an opportunity for candid …

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