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Zinc: high prices with European smelters at risk of production
Zinc on the London Metal Exchange recorded a new all-time high of $4,861 per tonne earlier this month, eclipsing the previous 2006 peak of $4,580 per tonne. The March 8 peak was surpassed within hours and looked very much like the forced closure of positions to cover...
Copper: Antofagasta forecasts high prices for the next 12 months
According to Antofagasta CEO Ivan Arriagada, the copper market has solid fundamentals despite the current market volatility and will maintain high prices for at least the next 12 months. During the CRU-CESCO World Copper Conference in Santiago, Arriagada also reported...
Iron ore: green hydrogen generation essential for decarbonising production
China, the world’s largest steel-producing country, has already announced its carbon-neutrality targets, even as it seeks to find an alternative to producing iron in blast furnaces based on metallurgical coal. Chinese policymakers believe that mass production of...
Steel: European prices extend rally as Ukraine conflict reduces supply
European steel prices are set to extend their gains as the Russian invasion of Ukraine has disrupted logistics, spurred sanctions and driven up energy prices. Russia is the world’s fifth-largest steel producer, while Ukraine ranks 14th. The two together account...