Mining Minería Chilena
Albemarle advances Chile's first direct lithium extraction project
Albemarle submitted environmental impact assessment for TED project in Salar de Atacama, employing direct lithium extraction technology to double recovery while reducing brine extraction. The project represents Chile's shift toward more efficient and sustainable lithium production methods.
Mining Minería Chilena
Codelco-Anglo American joint venture clears regulatory hurdles
The Andina-Los Bronces joint mining plan between Codelco's Andina Division and Anglo American's Los Bronces operation received regulatory approval including clearance from China's State Administration for Market Regulation. The agreement was originally signed in September 2025.
Political Risk Minería Chilena
Chilean mining sector opposes diesel tax modification
Mining Council president Joaquín Villarino opposed the government's proposed diesel tax modification, arguing mining equipment does not use public roads and should not bear fuel tax increases. The dispute centers on technical design of taxation versus mining industry cost pressures.
Mining Minería Chilena
Atacama diversifies beyond copper with gold and iron surge
Atacama region exports of non-copper, non-lithium products reached US$920 million in January-February, a 72.7% increase year-over-year, led by gold (US$604 million) and iron (US$253 million) derivatives. The surge reflects strong international demand for alternative commodities.
Commodities NASDAQ Mining
Brazilian coffee farmers withhold supplies amid price expectations
Arabica coffee futures surged 3.96% to seven-week highs on Tuesday as Brazilian farmers hold back supplies in anticipation of higher prices. Robusta also gained 0.69%.
Commodities NASDAQ Mining
Cocoa prices rise on West African fertilizer supply concerns
Cocoa futures in New York and London rose 1.73% and 1.44% respectively on Tuesday amid concerns that Strait of Hormuz closure will constrain fertilizer supplies to West Africa. Price gains were supported by short-covering driven by supply tightness concerns.
Economy NASDAQ Mining
U.S. import prices surge signals persistent inflation pressures
U.S. import prices surged 1.3% in February, substantially exceeding economist expectations, driven primarily by fuel import price rebounds. The Labor Department data indicates persistent inflationary pressure in international supply chains.
Security NASDAQ Mining
Middle East tensions drive commodity price volatility
US stock indices closed lower on Tuesday with S&P 500 down 0.37%, Dow down 0.18%, and Nasdaq down 0.77% as Iran conflict tensions drove crude oil prices and bond yields higher. June futures contracts declined across benchmarks.