China issued 6th batch of metals scrap import quotas for 2020

Workers from two major unions at the Centinela copper mine in Chile voted to approve a new collective bargaining agreement with Antofagasta Minerals, the union and the enterprise said on Sunday, bringing an end to a strike that lasted more than a week.More than 700 workers from the Centinela mine union and the Minera Esperanza union had been on strike since October 7 after labor contract negotiations broke down. The workers demanded equal benefits for all employees regardless of union affiliation.The two sides returned to the negotiating table on Tuesday in an effort to resolve the labor dispute.

Diversified miner South32 reported on Monday that copper production rose 2% in Q1 of fiscal 2027, driven by planned mining of higher-grade ore, though output fell slightly short of market expectations.After excluding the aluminum portfolio, the copper business contributed more than half of South32's fiscal 2026 earnings, making it the miner's primary cash source. Supply constraints and rising demand from AI and renewable energy infrastructure have pushed copper prices to record highs this year, enhancing the metal's investment appeal.The miner reported attributable copper production of 18,700 mt from its interest in the Sierra Gorda project in Chile for the quarter ended September 30, up from 18,300 mt a year earlier.

During China’s 2026 National Day holiday, overseas molybdenum prices were stable before firming. Busan 57% molybdenum oxide indications rose to $33.25–33.40/lb Mo on October 7, although higher levels await transaction confirmation. Ferromolybdenum trading remained subdued. Accidents and labour disruptions at Chilean mines increased supply uncertainty, but no measurable losses were confirmed. SMM expects prices to remain elevated and rangebound after the holiday......