
ArcelorMittal in talks over sale of Bosnia steel mill and iron ore mine
ArcelorMittal, the world’s second-largest steelmaker, is in talks over the possible sale of its steel mill and iron ore mine in Bosnia and Herzegovina to a Bosnian company, local media reported on Thursday.The Luxembourg-based company owns the steel mill in the central town of Zenica and the iron ore mine in the northwestern town of Prijedor, which together employ about 2,700 people.

Rare earth access is the European Union’s priority at China summit
European Union leaders will use a summit with China next month to seek better access to Chinese rare earths and critical minerals, four sources familiar with the plans said, as the two sides tackle an array of tariff-related issues.For years, China has had a near monopoly on rare earth production. It increased its export controls on the minerals, in demand from automakers, the defence industry and producers of renewable energy, following the tariffs announced by US President Donald Trump on April 2.

Peru copper output up nearly 8% in April
Copper output in Peru, the world’s third-largest producer of the red metal, rose 7.91% year-on-year in April to 220,261 metric tons, the Energy and Mines Ministry said on Wednesday.The April increase was mainly due to stronger output from Southern Copper, whose output was up 2.8% year-on-year, and MMG Ltd’s Las Bambas, which surged 74.5%, the ministry said.Peru’s copper production is expected to rise slightly this year to around 2.8 million tons, Energy and Mines Minister Jorge Montero said in early June.(By Marco Aquino; Editing by Brendan O’Boyle)