Chile wants to widen the group of countries buying its copper and attract about US$100 billion in mining investment over the next decade, its foreign minister said on Wednesday, in the most explicit move yet by the new government in Santiago to reduce its exposure to Chinese demand. “The market is highly concentrated and we need to broaden the number of places that buy our copper,” Francisco Perez Mackenna said at a Bloomberg summit in Singapore, part of a tour through the Asia-Pacific. He said...
China’s dominance in rare earth mining, refining and exports has long been viewed as a strategic advantage. But a new study by Chinese researchers argues that the country’s rare earth industry has its own critical weakness. “China is not in a leading position in mastering key core technologies in certain fields,” the researchers wrote in the paper. Published in the latest issue of the Bulletin of the Chinese Academy of Sciences, the study shifts the focus away from resource reserves and...
From Kenya to Ghana to Mali, governments are insisting their minerals be processed at home before they leave.