Copper smelting to become cheaper
Chile’s Antofagasta Plc and China’s Jinchuan Group copper smelter agreed on copper-concentrate supply contracts for 2024 that set processing fees 9% lower than the current year as the supply of…
Buffett preparing to scale up Japan investments?
Warren Buffett’s Berkshire Hathaway sold 122 billion yen ($810 million) worth of new yen-denominated bonds with terms ranging from three to 35 years. Raising funds in this way allows the…
All the metals we mined in 2022
The above infographic visualizes all 2.8 billion tonnes of metals mined in 2022 and highlights each metal’s largest end-use using data from the United States Geological Survey USGS. Iron ore…
US sanctions UAE shippers over price cap violations
The United States has imposed sanctions against three shipping companies based in the United Arab Emirates for allegedly violating the $60 per barrel cap on the price of Russian oil.…
US still importing banned Russian oil products
Despite the sanctions, the US Department of Defense continues to purchase petroleum products that are made using Russian oil, the WP reported. The Greek refinery Motor Oil Hellas, which is…
China launched world’s fastest internet
China has launched the world’s fastest internet with a data transfer rate of 1.2 terabits (1,200 gigabits) per second, the SCMP reported. This speed is a new record, equal to…