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Aluminum: new Covid cases exacerbate supply disruptions in China
On Tuesday, Feb. 7, Baise, China’s main aluminum-producing city, reported a surge in local covid-19 cases for the third consecutive day and the resulting lockout, which exacerbated concerns about supply disruptions for the metal. Restrictions due to increased...
Aluminum: prices reach target expected 2 weeks ago
As expected a couple of weeks ago, aluminum reached highs at $3228/mt (highs today at $3234.50/mt). Click here for the full story.
Copper: MMG set to halt operations at Las Bambas mine
MMG reported Monday that it will have to halt production at its Las Bambas copper mine in Peru until February 20, following a new and ongoing blockade of the road used by the company, which has already forced the Chinese miner to curtail operations. Residents of...
Pig iron: Russian exports rise by 8% in the first 11 months of 2021
Russian pig iron exports rose 8% year-on-year in the first 11 months of 2021 (Jan-Nov 21). Cumulative exports stood at 3.56 million tons (mnt) in the period under review compared to 3.3 mnt seen in the corresponding period last year. The United States maintained its...