So far, the most serious threat to the global supply comes from the world's largest copper mine, Escondida. Last week, the mine voted against the final wage proposal from its owner, BHP Group. Unless both parties can reach an agreement in government-mediated negotiations this week, the project, which produced 1.2 million tons of copper last year, will face shutdown.

This Friday, the most active iron ore contract on the Dalian Commodity Exchange fell by about 10% compared to last week, marking the largest weekly decline since February 2020. It is currently down 17% from the record high reached in May.

The China Steel Structure Association's Drill Steel and Tools Subcommittee held a review meeting for the group standard "Connecting Rod Drill Bits for Rock Drilling Machines" on July 12-13, 2021, in Qianjiang City, Hubei Province. A total of 17 participants attended, including members from the main drafting unit, participating units, and expert group members.

On July 9, Zijin Mining held a meeting of the Board of Directors' Strategy and Sustainability (ESG) Committee to conduct a special study on how to implement the group's strategic goals under the framework of "carbon peak and carbon neutrality." It was proposed that while developing resources, the company should increase research and investment in new energy and new materials to find new growth points for sustainable development.

Mineral resource exploration is considered a high-risk investment activity. The characteristics of the industry include: long cycles, high risks, and high returns. According to statistics from authoritative institutions, the average investment cycle for mineral resource projects is 17 years, with an average success rate of 3-5%.

In his congratulatory letter, Xi Jinping pointed out that the Baihetan Hydropower Station is a major national project for implementing the "West-to-East Power Transmission" initiative, and it is currently the largest and most technically challenging hydropower project under construction in the world. The project features the world's largest single-unit capacity hydropower generator set with a power output of one million kilowatts, marking a significant breakthrough in China's high-end equipment manufacturing. All builders and contributors have demonstrated a spirit of striving for excellence, climbing to new heights, and selfless dedication, working together to overcome difficulties and contribute to the construction of this major national project. This fully illustrates that socialism is achieved through hard work, and the new era is created through struggle.

On June 21, the Price Department of the National Development and Reform Commission and the Price Monitoring and Competition Bureau of the State Administration for Market Regulation conducted research at the Beijing Iron Ore Trading Center. They gained a detailed understanding of the iron ore trading and price changes this year and held a special seminar to discuss how to ensure the supply and stabilize the prices of bulk commodities such as iron ore.

According to foreign media reports, Indonesia's Minister of Investment Bahlil Lahadalia stated during a hearing of the country's sixth committee in Congress on May 31 that President Joko Widodo has tasked the Investment Ministry with raising the investment target for 2022 to 1,200 trillion rupiah (approximately 8.4 billion USD, 538 billion IDR), which is 30% higher than the target of 900 trillion rupiah set for 2021.