Top Copper Miner Almost Sold Out on Strong China Demand

Chinese copper demand has been so strong in the past few months that top producer Codelco has almost sold out of supplies for next year, well ahead of schedule, according to the chairman of the Chilean state-owned company. “It’s extremely strong, not only China. It’s extremely strong around the world,” Juan Benavides, who took over
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Australian miner New Hope Corp on Tuesday said thermal coal prices would push higher in coming months, extending a rise that helped boost its profits in the last financial year. The company said its full-year pretax profit climbed 6 percent to A$149.5 million ($107.49 million) from $140.6 the year before, as markets for thermal coal
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