Major Peruvian copper mine expects to shut down next week. |
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The MMG Ltd-owned Las Bambas copper mine has been plagued by road blockages after environmental protestors began picketing late last month. Talks between the mine owners and protestors broke down earlier this week and the company expects to shut down the mine soon. The duration of the possible shutdown is currently unknown. According to the company website, the Las Bambas mine produced 311,020 mt of copper concentrate in 2020. Reuters recently stated the mine can produce 400,000 mt of copper concentrate per year, which is approximately 2% of world production. (12/10/2021) |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 12/9/2021: Evergrande has defaulted on its debt, Fitch Ratings says 12/7/2021: FEATURE: Copper market to be well supplied in 2022 12/8/2021: Landsvirkjun Reduces Power Delivery to Large Users 12/7/2021: US HRC: Prices resume downward slide 12/7/2021: FEATURE: Copper market to be well supplied in 2022 12/7/2021: Copper price up as China imports rise 12/7/2021: Aluminium prices may gain next year on demand, supply concerns 12/6/2021: China Evergrande shares plunge as it teeters on brink of default 12/6/2021: China frees up $188 billion for banks in second reserve ratio cut this year 12/3/2021: MMG's Las Bambas mine in Peru faces shutdown as talks to end blockade fail |
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