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Bulgarian Copper, EBRD Backs Asarel Medet With Up To €55 Million For Mining And Renewables
The European Bank for Reconstruction and Development (EBRD) announced on October 5 a loan of up to €55 million to Asarel Medet, supporting investment at its open-pit copper mine in Panagyurishte and renewable energy generation for its own operations. The financing...
Black Mass, Korean Payables Fall As Weak Metals Prices And Returning US Supply Weigh On Trading
Asia’s NCM black mass market continues to soften. In the week ended October 7, nickel and cobalt payables for South Korean imports fell to 93-98%, from 95-100% the previous week, according to Fastmarkets assessments. Reduced purchasing, negative expectations for...
Brazilian Unwrought Aluminium Imports Rise As Argentina Supplies Almost 65%
Brazil’s unwrought aluminium imports reached 19,118 tonnes in September, up 19.29% from August and 18.47% year on year. Government data released on October 6 show Argentina strengthening its position, supplying almost two-thirds of the country’s overseas...
European Zinc Premiums Hold Steady As Lower LME Prices Encourage Spot Buying
Northern European zinc premiums remained unchanged in the week to October 6, while falling London Metal Exchange prices encouraged activity in the physical market. Consumers found more accessible purchasing levels, although the supply outlook for European smelters...