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China to release more metal reserves to ease supply shortage
China will closely monitor market conditions and continue to release copper, aluminium and zinc from its state reserves in a bid to overcome supply-demand imbalances. “Currently, copper, aluminium and zinc prices are still high,” said Li Hui, an official...
Lithium: Albemarle reaches agreement, ending strike action
Albemarle Corp, the world’s top lithium producer, said on Wednesday it had reached a labour contract agreement with a union at its Atacama plant, ending a month-long strike that had inflamed tensions between workers and the company. The 135-member...
Steel: increasing EAF capacity utilisation in China
As of 9 September, the capacity utilisation rate of many of China’s independent electric arc furnace (EAF) steel mills recovered after a two-week decline, rising 2.74 percentage points to 63.14%, as some EAF mills in eastern and southwestern China returned to...
Copper: Jiangxi Copper and MCC focus on Mes Aynak mine in Afghanistan
Jiangxi Copper Co. and Metallurgical Corp of China (MCC) are monitoring the situation in Afghanistan to develop the Mes Aynak copper mine. The company and MCC took out a 30-year lease for the mine in 2008, which has an estimated reserve of 11.08 million tonnes of...