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Copper: minimum descent targets achieved. Potential technical rebounds in sight
The current slump in 3-month dollar/tonne Lme copper prices is being influenced by fears of a global recession, which continue to grow and dampen demand prospects for the metal. The sharp drop comes amid continuing concerns that China, which accounts for half of world...
Phinergy and IOP enter into a pact with Hindalco to produce aluminium-air batteries for electric vehicles
Israeli clean energy company Phinergy and the Indo-Israeli joint venture IOC Phinergy Private Limited have signed an agreement with Hindalco Industries to develop aluminium-air batteries for electric vehicles and energy storage. IOC Phinergy Private Limited (IOP) is a...
Aluminium: Chinese production grows by 3.2% y-o-y in June
China’s primary aluminium production increased by 3.2% to 3.39 million tonnes in June from a year earlier, thanks to higher global prices. June production fell slightly by 0.9% from the previous month, when it reached a record 3.42 million tonnes. Aluminium...
HRC steel: prices remain stable pending supplies
Hot-rolled coil prices in Northwest Europe stood at 825 euro/ton on 13 July, up slightly (+0.24%) from the previous day’s reading (823 euro/ton), as market activity remained low and stocks are expected to be replenished by the end of July. The expected...