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Nickel: price chaos continues on Lme
The London Metal Exchange temporarily froze electronic trading in nickel after restarting from a week-long suspension, as a glitch allowed prices to fall beyond a new daily limit (5%) that was supposed to help restore order after last week’s historic short...
Chilean regulator fines BHP’s Escondida mine for damage in Salar de Atacama
Chile’s environmental regulator reported Thursday that it has fined the Escondida mine, a subsidiary of BHP, $8.2 million for damage caused by water extraction in the Salar de Atacama salt flat. Chile’s environmental watchdog SMA had filed a complaint...
Carmakers face soaring metal costs
Russia’s invasion of Ukraine is raising the price of metals used in cars, from aluminum in bodywork to palladium in catalytic converters to high-grade nickel in electric vehicle batteries, and drivers are likely to foot the bill. While metals have not yet been...
Titanium: Boeing suspends purchase from Russia
Boeing Co reported Monday that it has suspended its purchase of titanium from Russia, a move that could have implications for the aircraft manufacturer’s relationship with its largest supplier of the raw material, VSMPO-Avisma. According to the manufacturer,...