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Freeport Indonesia Restarts Manyar Plant Early: Cathode Production Expected for End of June
PT Freeport Indonesia (PTFI) has announced the early resumption of operations at its Manyar copper refining plant, located in the Indonesian province of Gresik. The company, controlled by Freeport-McMoRan together with Indonesian state partners, announced in a May 22...
Billets And Cast Iron In Italy Between Aggressive Imports, Stalemate In Demand And International Price Competition
The Italian billet market is going through a period of marked difficulty, characterized by strong competitive pressure from imports and a slowdown in domestic demand. National steel mills find themselves in a context where supplies from abroad, thanks to the favorable...
Scrap Ferrous Market in Transition: Apparent Stability Amid International Pressures, Domestic Weakness and June Expectations
The Turkish ferrous scrap market is in a phase of apparent stabilization, after a few weeks of strong increases supported mainly by foreign demand. In the last seven days, in fact, the prices of “deep sea” shipments have remained stable, suggesting that the market may...
Base Metal Prices Diverge on Shfe, Copper Leads Gains as Inventories Fall, Commodity Tensions Continue
Prices of the most traded base metals on the Shanghai Futures Exchange (SHFE) showed mixed momentum in the morning session on Monday, May 26. While half of the contracts recorded slight increases, the other half saw small declines. Overall, however, changes were...