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Copper and cobalt: ERG and Gécamines restart Boss Mining project
The plant, which has been under maintenance for more than three years at the end of February 2019, will reach full capacity by March 2023, producing an average of 1,800 tons per month of copper cathode and 300 tpm of cobalt hydroxide. The restart of cobalt hydroxide...
Commodities: China’s Politburo meeting and price cap on Russian oil will drive markets this week
Global risk appetite received a much-needed boost from a less hawkish commentary by U.S. Federal Reserve Chairman Jerome Powell and the softening of some COVID restrictions in China. In the week just past, the dollar started on a positive note, buoyed by purchases of...
Aluminum: prices in break out phase
Primary aluminum listed on the London Metal Exchange continues its upward move (+1.95 percent as of 12:00 GMT+1), with the third consecutive positive session. Prices currently appear to be in the process of breaking out (breaking to the upside) of an important...
Thermal coal: back to the situation before the invasion of Ukraine
The global thermal coal market has returned to the situation before Russia’s attack on Ukraine, with prices of most types of seaborne coal falling to pre-invasion levels, while volumes have remained stable. Prices of seaborne thermal coal surged after the Feb....