21:00-7:00 Keywords: IBIT, Chile, USDC The total market value of stablecoins has increased by 0.45% in the past week. 2. BlackRock IBIT's first consecutive two-week net outflow of funds; 3. The US spot Ethereum ETF saw a net outflow of $38.10 million this week; 4. Chilean lawmakers are considering legislation on strategic bitcoin reserves. 5. USDC Treasury minted 50 million new USDC on the Ethereum chain; 6. A swing investor who sold short up to 21,613 ETH is currently losing $3.76 million; 7. J...
According to Simply Bitcoin, Chilean lawmakers Gael Yeomans and Juan Santana are considering legislation on strategic bitcoin reserves.
Codelco, Chile's state-owned copper company, is stepping up efforts to boost copper production in the hope of reaching its 2024 production target, according to foreign media reports. As the world's largest copper producer, Codelco is struggling to recover from its lowest output in 25 years and hopes to reach about 1.331 million tons of copper by the end of this year, up 0.5% from last year and at the lower end of its target range. Official data will be released in the next few days. Codelco's of...
Market news: BHP Billiton has reached a preliminary agreement with Chilean union leaders.
BHP Billiton has resumed wage talks with union leaders at Chile's Escondida copper mine in a bid to end a strike that began on Tuesday, according to people familiar with the matter. The Escondida 1 union agreed to BHP Billiton's request to revisit key issues that led the two sides to fail to reach an agreement in talks that ended on Monday. The meeting is scheduled to end at 8pm Chilean time (8am Beijing time today). Escondida, which produces about 5 per cent of the world's copper, will resume n...
Gold Ten Futures, August 6, according to foreign media reports, Australian mining company BHP Billiton (BHP) said it has asked the Chilean government to mediate with the union representing workers at the Escondida mine, a move aimed at avoiding a possible strike at the world's largest copper mine project. BHP Billiton pointed out in a statement that the mine is currently operating normally and the purpose of the mediation is to reach a contractual agreement with the miner. BHP owns more than hal...
Chile's state-run copper company (Codelco) produced 8.4% less copper in the first half of 2024 than in the first half of 2023.
Chile National Copper Corporation: It is expected that copper production will be 1.325-1.39 million tons in 2024.