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09.10.26 - 14:12
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JPM Warns Strike At Major Chilean Copper Mine Could Deliver "Significant" Production Hit (ZeroHedge)
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JPM Warns Strike At Major Chilean Copper Mine Could Deliver "Significant" Production Hit
A new potential bottleneck has emerged in the global copper market as London futures hover just shy of record highs amid persistent scarcity concerns.
Natalia Corfield, JPMorgan's head of Latin America corporate credit research, wrote in a note earlier today that a strike at Centinela, a major source of Antofagasta's copper production in Chile, has begun and could soon impact production.
"Antofagasta is facing its first-ever strike at the Centinela copper mine in Chile, set to begin this morning after mandatory mediation between the company and the Minera Esperanza and Distrito Centinela unions failed to produce an agreement," Corfield wrote in the note.
She continued:
The unions, representing more than 700 workers, say the dispute centers on pay and benefit disparities between employees doing identical jobs but belonging to different unions, and they accuse Antofagasta of rej...
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08.10.26 - 18:26
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The Gas Station Gets Its Gas: NANO′s Laser Enrichment Partner Takes Delivery Of Its First Uranium (ZeroHedge)
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The Gas Station Gets Its Gas: NANO's Laser Enrichment Partner Takes Delivery Of Its First Uranium
Last week NANO Nuclear bought the license to handle the back end of the fuel cycle. This week, the front end showed up in a cylinder.
On Thursday morning, LIS Technologies (LIST), the privately held laser enrichment company in which NANO Nuclear (NNE) is a shareholder and strategic partner, announced that it has accepted its first shipment of uranium hexafluoride (UF6) at its Demonstration Test Loop facility in Oak Ridge, Tennessee, on the footprint of the former K-25 gaseous diffusion plant, a cornerstone of the Manhattan Project. In other words, uranium is back at K-25, only this time it's going in front of a laser.
It's a milestone that matters well beyond a private startup's press release, because, as we explained in "NANO Nuclear Buys The One Thing You Can't Speed Up: A Fuel-Cycle License" last week, NANO is quietly assembling something no other microreactor developer has: an e...
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07.10.26 - 17:00
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Skepticism mires Trump′s Iowa steel plant project: ′Promises are not the same as jobs′ (The Guardian)
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The project has sparked doubts over whether the plant will be built and delivered as promised, given Trump's recordDonald Trump has long sought to portray himself as a man of steel, from the White House photoshopping Trump to look like Superman, to enacting tariffs on steel and approving the sale of US Steel to Japan's Nippon Steel with a ”golden” share given to the US government.Most recently, the Trump administration announced plans to construct the largest steel plant in the US, a $15bn plant in Lee county, Iowa, to be built by India-based Mesabi Metallics. Continue reading......
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