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Brazilian Mining Company Vale Sees Iron Ore Prices Higher In 2010
Iron ore prices will likely rise in 2010, underpinned by growing demand from China, the chief executive of Brazilian mining giant Vale said on Monday, without offering estimates of how much prices could rise.
“I think it’s going to be a positive year, and iron prices are showing a tendency towards increase, but I do not [...]
Soquimich Falls Most Since June on Lithium Price Cuts
Sociedad Quimica Minera de Chile SA, the world’s largest lithium producer, led declines on Santiago’s Ipsa Index after announcing price cuts for the metal used in batteries.
Soquimich, as the company is known, fell 3.6 percent to 20,630 pesos, the steepest decline since June 22. The Ipsa retreated 0.6 percent after four days of gains.
Western Lithium Canada Raises $15.2 Million In Private Placement
Western Lithium Canada Corporation, a Canada-based mining company, has completed its private placement of an aggregate of 17,476,000 units at a price of CAD0.95 ($0.87) per unit for aggregate gross proceeds of $16.6 million ($15.2 million).
Western Uranium Corporation, the company’s controlling shareholder, purchased 1,476,000 units in the private placement.
