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Aluminum: prices up (as expected) due to offsetting positions to falling stocks
Aluminum prices have been on an upward trend (as widely anticipated by Commodity Evolution’s research department) for the past 2 days thanks to the clearing of traders’ positions ahead of the end of the third quarter, while daily data showed falling...
Crude steel: world production increased by 2.2 % in August
The World Steel Association announced that world crude steel production was 152.6 mt in August this year, down 3.7% for the month and up 2.2% year-on-year. In the January-August period, world crude steel production stood at 1.25 billion tonnes, up 0.2% year-on-year....
Aluminium: Glencore bought low volumes from Rusal
Glencore bought only a small portion of the potential 6.9 million tonnes of aluminium it could have purchased in the 2020-2022 period under its contract with Russia’s Rusal, which could be extended to 2025. Commodities group Glencore, under pressure to stop...
Aluminium: international associations publish action plan ahead of G7 trade ministers’ meeting
The Aluminium Association of Canada, the European Aluminium and the Japan Aluminium Association have published a joint paper for the Group of 7 (G7) trade ministers ahead of their meeting in Osaka, Japan, next October. The document, Aluminium Supply Chain Pathways to...