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Aluminum: Glencore and Rusal extend supply contract
In a move to strengthen their partnership, Swiss trading company Glencore and Russian aluminum giant Rusal have agreed to extend their long-term supply contract until next year. The contract between Glencore and Rusal, the world's largest aluminum producer outside...
Gas: supply risks drive up European price as global steel production falls
Energy - Supply risks push up European gas prices European natural gas prices reached their highest level since January. TTF prices rose by 4.2 per cent yesterday to almost €34.76/MWh. This came after Austrian energy company OMV warned that there is a risk that...
Copper: Rio Tinto faces lawsuit over Panguna mine in Bougainville
Thousands of people from Bougainville, an autonomous region of Papua New Guinea, have filed a class action lawsuit against Rio Tinto Plc and its former unit Bougainville Copper Ltd. for what they claim is historical mismanagement of the huge Panguna copper mine. The...
Iron ore: China’s imports are expected to reach a record high due to changes in global supply
Contrary to previous forecasts, China may import a record load of iron ore this year. With the fluctuation of the global iron ore price, this could have widespread ramifications. According to a recent report, market analysts say that Chinese ore imports this year...