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Copper: hedge funds bet against the metal for the first time in three years
Hedge funds are betting against copper on the London Metal Exchange for the first time since the early months of the pandemic – a sharp reversal from a few weeks earlier, after China’s disappointing recovery sent prices plummeting. Data from the LME this...
Copper-cobalt: Congo will increase its share with China
The Democratic Republic of Congo intends to increase its share in a cobalt and copper joint venture with Chinese companies to 70 per cent from 32 per cent, amid fears that the deal will deliver too many of Congo’s resources with little benefit to the country....
Crude steel: world production increased by 2.4 % in April
The World Steel Association announced that world crude steel production in April was 161.4 million tonnes, down 2.4% year-on-year and 3.1% month-on-month. In January-April this year, world crude steel production was 622.7 million tonnes, down 0.3% year-on-year. In...
Tin: supplies may drop from August due to the suspension of mining activities in the Wa region of Myanmar
Global tin supplies could face problems later this year as the Wa region of Myanmar, which contributes 10 per cent of the world’s concentrate supplies of the metal, has decided to suspend mining operations ‘until mature mining conditions are present’...