London copper rise on Biden infrastructure deal

London copper prices rose on Friday as a US infrastructure deal raised hopes of better demand for metals in the coming years, although the gains were capped by weak consumption.

Chile’s decades-old mining deals may hinder bid to lift copper royalties

With copper prices soaring and Chile’s economy reeling from the COVID-19 pandemic, lawmakers want to fund recovery efforts by hiking royalties on the booming mining sector but the drive could flounder because of deals that previous governments signed decades ago to freeze tariffs on the biggest miners.