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Metal scrap: China remains the largest user of scrap despite falling consumption
According to the Bureau of International Recycling (BIR), China’s scrap consumption in the first nine months of 2022 fell 6.7% year-on-year to 170.83 million tonnes, but the country remained the world’s largest user of scrap. The country’s crude...
Rare earth: Lynas plant risks partial closure
Malaysian regulators renewed the operating licence for Lynas’ Rare Earths unit but retained conditions that will prevent Lynas from importing and processing rare earth concentrate after 1 July. Lynas, the world’s largest producer of rare earths outside...
Non ferrous metals: trend as of February 9, 2023
Non ferrous metals: trend as of February 9, 2023...
Aluminium: prices settling after January’s surge
At the beginning of February, aluminium price action showed a short-term sideways trend, following a January surge that led to new period highs in the $2,678/mt area. Several months ago, the LME decided not to proceed with any restrictions on the Russian-sourced...