Codelco ends long-term mined copper deals to China clients from 2025



International Desk, Barta24.com
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Chile's Codelco is ending long-term contracts to sell copper concentrate to Chinese clients from 2025, bidding to broaden its product offering to them after evaluating its production outlook, five sources with direct knowledge of the matter said.

The sources said Codelco is aiming to replace exclusively copper concentrate deals with others that include concentrate and value-added intermediate products such as blister and anode which are derived from concentrate and can be turned into copper metal or cathode.

Some Chinese customers have protested against the changes, but will have to accept new contract negotiations that include intermediates because they will need Codelco's concentrates at a time when deficits are expected, the sources said.

The Chilean miner wants to restructure its sales strategy and agreements because of uncertainty about whether it can meet its contractual obligations, the sources said.

"Some measures adopted are due to the normal management of Codelco's commercial product portfolio and not to availability adjustments and/or lower production," Codelco said in response to a request for a comment.

"Codelco continually updates its contracts according to the prevailing dynamics in the market."

Operational problems at the state-owned miner saw its production slip last year to about 1.46 million metric tons, the lowest in around a quarter of a century and output has slipped further this year.

Codelco is expected to produce between 1.31 million to 1.35 million metric tons of copper a key material for the power and construction industries.

Output at the world's largest copper producer has been dropping despite $15 billion invested in flagship mines including El Teniente and Chuquicamata where costs have overrun significantly, according to an influential industry body.

The sources, all of whom have long-term contracts with Codelco, said they had been receiving termination notices from Codelco from July to August and that the company wanted to start new agreements with different terms.

Two of the sources said Codelco was ending their evergreen supply contracts from 2025. Evergreen contracts introduced by Codelco in 2018 are two-year and three-year deals which roll over annually, in which customers can be assured of certain amounts a year.

Codelco accounts for 29% of Chile's copper production. Chile's congressional committee in late August launched an investigation to review Codelco's corporate structure and project delays.

China is the world's biggest buyer of mined copper with its import volume accounting for over 60% of the world's total. The world's largest consumer of industrial metals bought 25.3 million tonnes of copper concentrates last year, according to International Copper Study Group.

The global copper concentrate market is expected to see a steep deficit during 2025-2027 as Asian and African smelters ramp up capacity, outpacing mine supply.

   

Israel launched a ground attack in Rafah amid ceasefire talks



International Desk, Barta24.com, Dhaka
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Israel launched a ground attack in Rafah in the midst of Israel-Hamas ceasefire talks in Gaza.

A delegation from the Palestinian group Hamas is in the Egyptian capital for ceasefire and prisoner-release talks. Sources said Ceasefire talks have progressed.

International media Al Jazeera reported in a report that despite the negotiations, Israel continued its ground attack on Rafah, the southernmost city of Gaza.

A Hamas delegation arrived in Cairo on Saturday to meet with mediators from Qatar, Egypt and the United States to negotiate a 40-day ceasefire, according to reports published by the United Kingdom.

The talks are at a critical stage, sources told Al Jazeera, as a Qatari technical team is working out the details of a potential deal with the Egyptians.

As technical teams indicate, we are moving into the operational side of a deal. They are monitoring the issues in detail in this agreement.

A senior Hamas spokesman, Osama Hamdan, told Al Jazeera, "It is clear that we are moving forward. There are some good points.

"So far we are still talking about the main issue, which is a complete ceasefire and a complete withdrawal from Gaza," he said. We hope to find some good and positive answers today.

Israel said it will continue to attack Rafah despite talk of a possible deal with Hamas. UN agencies and aid groups have long warned that the ground operation would spell disaster for the 15 lakh people taking refuge there.

Hamdan said, "Unfortunately, Netanyahu has made a clear statement that no matter what happens, if there is a ceasefire or not, he will continue to attack." That means there will be no ceasefire, and that means that the offensive will continue.

Al Jazeera's Ahlbara said the talks were focused on convincing Hamas that it should refrain from demanding a permanent ceasefire from Israel during the first phase of the deal because it is unlikely to happen.

On October 7, Hamas fighters attacked southern Israel, killing more than 1,100 people. During this time, more than 240 people were captured by Hamas.

Later, more than 34,600 Palestinians have died in Israel's attack on Gaza. More than 70 percent of Palestinian territory has been reduced to rubble, pushing the region toward famine.

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Attacks on environmental journalists are on the rise worldwide: UN



News Desk, Barta24.com
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According to a recently published report by the United Nations Educational, Scientific and Cultural Organization UNESCO, 44 environmental journalists from 15 countries around the world lost their lives in violent attacks from 2009 to 2023; And 24 people managed to return alive.

This information was reported in the report of the news agency Reuters on Friday (May 3).

According to the report, attacks on environmental journalists are increasing around the world. UNESCO representatives interviewed 905 environmental journalists from 129 countries to prepare the report.

In the interview, 749 out of 905 journalists (more than 70 percent) said that they had to face physical attacks or intimidation, threats, and pressure at some point in their lives to perform their professional duties. Many have also had to deal with the legal problems of detention and defamation cases.

Analyzing the cases of assault-harassment, it has been found that the cases of physical assault have occurred more among male journalists. On the other hand, women journalists are more victims of harassment.

Journalists have been attacked and harassed while reporting on various environmental issues. These issues include various mining irregularities, land tenure conflicts, deforestation, extreme weather related disasters, pollution and environmental damage, fossil fuel sector and its trade etc.

All of these attacks and harassment have come from individuals and groups associated with the power structure of the state. In this context, the UNESCO report said, 'Police, army, government officials and employees, people of local government authorities are responsible for these attacks and harassment. 

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Russia is using banned chemical weapons in Ukraine: US



International Desk, Barta24.com, Dhaka
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Dhaka: US accuses Russia of using 'Chloropicrin', a banned chemical used in World War I, in Ukraine.

On Thursday (May 2), the British media BBC reported that US State Department officials said that the attack on Ukraine with this weapon is not an "isolated" incident. Russia often uses it.

However, the Kremlin rejected the allegations, saying the US allegations were baseless. Kremlin spokesman Dmitry Peskov told reporters in Moscow that Russia maintains its obligations under the Chemical Weapons Convention (CWC).

According to the CWC, the use of ‘chloropicrin’ in any war is strictly prohibited. According to the US Centers for Disease Control and Prevention (CDC), the use of this chemical in oil can cause inflammation of the lungs, eyes and skin of people. It can also cause vomiting, nausea and diarrhea.

According to the US, Russia has used chloropicrin to force Ukrainian troops to retreat from fortified positions.

US President Joe Biden had earlier warned Russia about the use of chemical weapons in Ukraine. He warned in March 2022, weeks after the attack on Ukraine, that if Russian President Vladimir Putin authorized the use of chemical weapons, he would pay a "heavy price".

However, Moscow has been repeatedly accused of using chemical weapons in Ukraine. Mallory Stewart, US Assistant Secretary of State for Arms Control has accused Russia of using riot control chemicals. Ukrainian soldiers have also reported being subjected to chemical attacks in recent months.

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Turkey stopped trade with Israel over the Gaza issue



International Desk, Barta24.com, Dhaka
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Turkey has stopped all trade with the illegal occupier Israel due to the Gaza war.

The British media BBC reported on Thursday (May 2) about the Turkish Ministry of Commerce.

The trade embargo will remain in effect until Israel allows uninterrupted and adequate humanitarian aid to Gaza, the Turkish trade ministry said.

According to the BBC, the trade between Israel and Turkey is about 7 billion US dollars in 2023.

Israel's foreign minister accused Turkish President Recep Tayyip Erdogan of treating him like a dictator in announcing the trade freeze.

Israeli Foreign Minister Israel Katz wrote on social media that Erdogan is violating international trade agreements by ignoring the interests of the Turkish people and businessmen.

Israel's foreign minister has instructed government agencies to import goods from other countries and produce goods locally as an alternative to Turkey's trade freeze.

He wrote, I have directed the IMF Director General to immediately start working with the concerned parties to find trade options with Turkey. I also asked him for local production and import of products from other countries. Israel will emerge as a powerful and formidable economy. They lose we win.

In 1949, Turkey was the first Muslim-majority country to recognize Israel. But relations between the two countries have deteriorated in recent times.

In 2010, Turkey cut diplomatic ties with Israel after ten pro-Palestinian Turkish activists were killed in clashes with Israeli commandos.

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