Chile Copper Miner Offers Chinese Smelters Negative Processing Fees as Talks Start
Antofagasta made an initial offer this week at a treatment charge of -$15 a ton for supplies to Chinese clients, the people said, asking not to be identified discussing a sensitive commercial matter. The number was first reported by Mysteel Global.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
AI: C3.ai Surges After Landing AI Partnership with Electrobras
Aug 18 - (NYSE:AI) shares moved higher Monday after the company announced a partnership with Brazilian utility Electrobras (NYSE:EBR). The deal marks another step in push to bring artificial intelligence deeper into the energy sector. Warning! GuruFocus has detected 5 Warning Signs with AI. Under the agreement, Electrobras will adopt C3 Generative AI to improve fault monitoring, streamline real-time responses, and enhance operational reporting across its control centers. The move reflects Electrobras' efforts to modernize its grid and improve efficiency at scale. For the win adds a major Latin American utility to its customer list and demonstrates how AI applications can support critical infrastructure. The company continues to position itself as a supplier of enterprise-grade AI tools across industries, including energy, defense, and manufacturing. The collaboration also highlights the growing role of automation in utilities, as companies seek to strengthen grid resilience and minimize costly downtime. Electrobras stock also edged higher on the news, reinforcing investor interest in energy companies leveraging digital solutions. Analysts suggest partnerships like this could provide with broader global visibility and open doors for future utility contracts. This article first appeared on GuruFocus.
Bloomberg
2 hours ago
- Bloomberg
Raízen Jumps Most Ever on Report Petrobras Eyeing Investment
By and Dayanne Sousa Save Shares of Raízen SA soared on Monday, posting their biggest intra-day gain on record, after the newspaper O Globo reported that state-controlled oil producer Petrobras is considering investing in the sugar and ethanol producer. Raízen, a joint-venture between Brazilian holding Cosan SA and London-based Shell Plc, is seeking a capital injection, executives said last week. According to the newspaper report, Petroleo Brasileiro SA is considering several options, such as becoming a partner in Raízen or purchasing assets, which would mark its return to the ethanol sector.
Yahoo
2 hours ago
- Yahoo
Liebherr finalises equipment supply deals across Glencore's Australia operations
Liebherr-Australia has finalised multi-year equipment supply agreements with Glencore for its Australian operations. As part of phase one of the agreement, Liebherr will deliver 17 mining machines across Glencore's six major operations in Queensland and New South Wales (NSW) by the end of 2026. To ensure the long-term performance of these machines, Liebherr-Australia will provide dedicated site support including embedded technicians and training for operators and technical staff. Besides the initial 17 machines, additional units are scheduled for delivery in both Queensland and NSW throughout 2027, as part of the ongoing agreement with Glencore. Liebherr-Australia sales, marketing, training and solutions executive general manager Brian Boitano said: 'We are excited to announce this new era of partnership with Glencore. Securing multi-year supply agreements of this scale is a proud moment for Liebherr-Australia. It reflects the capability of our national team to support large, complex fleets and deliver consistent performance across multiple sites.' The agreement, stemming from Glencore's 2023 group tender, will commence with the delivery of ten R 9600s, five R 9400s, one R 9800 and one R 9100. Notably, seven of these machines will be powered by Liebherr's D9812 engines. To date, seven of the planned 17 machines have been commissioned at Glencore's sites. The delivery of two R 9600 excavators to the Hail Creek mine represents Liebherr's first equipment at the Queensland operation. In NSW, Liebherr-Australia has delivered its first excavators to Ravensworth and introduced new machines at the United Wambo mine. Boitano added: 'Delivering multiple machines to Glencore over the past eight months, some of which were the first to be introduced to Ravensworth, was a testament to our high-performing product portfolio and also marked an important milestone in our partnership.' In the Hunter Valley region of NSW, Glencore's Ravensworth, United Wambo, Bulga and Mount Owen operations will collectively receive 12 of the 17 machine deliveries by the end of 2026. In Queensland, Glencore's Hail Creek operation welcomed its first Liebherr machine, an R 9600, in February, with another added in July and one more expected in 2026. The company's Rolleston site will also receive two R 9600s next year. Boitano concluded: 'This agreement lays a solid foundation for our future with Glencore and we are excited about more machines coming in 2026 and 2027, with the potential for further expansion. For now, production and reliability are what matter most and we are proud to play a role in delivering both. Together, we are building a long-term partnership.' "Liebherr finalises equipment supply deals across Glencore's Australia operations" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
