Union leaders at Chile's state-owned mining firm Codelco, the world's largest copper producer, reached an agreement with the company on Thursday to end a national strike over the decision to close a smelter located in a highly polluted area.
Union leaders at Chile's state-owned mining firm Codelco, the world's largest copper producer, reached an agreement with the company on Thursday to end a national strike over the decision to close a smelter located in a highly polluted area.
Gold prices edged up on Thursday as
growing recessions fears and a pull back in U.S. Treasury yields
helped bullion overcome pressure from expectations of aggressive
monetary tightening.
Spot ...
Union leaders at Chile's state-owned mining firm Codelco, the world's largest copper producer, will meet company representatives on Thursday as a strike over the closure of a copper smelter enters its second day. The Federation of Copper Workers, an umbrella group of Codelco's unions, said the meeting will take place but the strike action that started on Wednesday would continue.
Century Aluminum Co (CENX): * CENTURY ALUMINUM TO TEMPORARILY IDLE ITS HAWESVILLE SMELTER DUE TO SOARING ENERGY PRICES; ISSUES WARN NOTICE TO EMPLOYEES. * Century Aluminum Co (CENX) - SMELTER IS EXPECTED TO BEGIN IDLING PROCESS ON MONDAY, JUNE 27TH. * CENTURY ALUMINUM (CENX) - EXPECTS TO IDLE OPERATIONS FOR A PERIOD OF APPROXIMATELY NINE TO TWELVE MONTHS UNTIL ENERGY PRICES RETURN TO MORE NORMALIZED LEVELS.
U.S. President Joe Biden has publicly criticized oil and gas executives for banking big profits from high gasoline prices but he has rarely spoken directly to the heads of energy companies or their representatives, White House records and interviews with industry sources show.
Workers at state-owned copper producer Codelco, the world's largest copper producer, went on strike early Wednesday morning to protest the closure of a smelter located in an area with high levels of contamination.
The Baltic Exchange's main sea freight index fell on Tuesday, snapping a five-day winning streak, pressured by a fall in the capesize and panamax segments. * The overall index, which factors in rates for capesize, panamax and supramax vessels, dipped 112 points, or 4.3%, to 2,484. * The capesize index lost 321 points, or 10.6%, to 2,710.
Zinc prices jumped on Tuesday on
concern over potential shortages resulting from falling
inventories and possible reductions in smelter output because of
high energy prices.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
Log In Required
Line of Credit Log In Required