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Steel: Tangshan strengthens control measures against the spread of coronavirus
China’s largest steel centre, Tangshan, has ordered emergency traffic controls and mass testing of the coronavirus with a rapid increase in the daily count. According to a report, on 19 March 22, the office of the government wing responsible for preventing and...
Zinc: supply problems push price to 15-year highs
Zinc prices surpassed $4,000 per tonne, reaching a 15-year high last week ($4,861/mt on 8 March 2022), as rising energy costs and supply concerns boosted the metal’s market. Zinc production requires the smelting of zinc ore, which is energy intensive. As a...
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...