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Zinc-lead: Glencore shuts down major mine in Australia after heavy rains
Glencore Plc has halted operations at its McArthur River (MRM) zinc-lead mine in Australia following heavy rains this week. The suspension could exacerbate supply shortages of zinc concentrates, a raw material for the production of refined zinc, which is mainly used...
Aluminium Alloy: Emirates acquires Leichtmetall Aluminium Giesserei Hannover GmbH
Emirates Global Aluminium (EGA), a UAE-based metals producer, announced the signing of what it calls a binding purchase and sale agreement to acquire Leichtmetall Aluminium Giesserei Hannover GmbH. According to the EGA, the acquired company produces 80 per cent...
Copper: still potential for new declines before new rises
Copper opened on a positive note this morning after the Federal Reserve's signals on future rate cuts strengthened risk appetite and weakened the US dollar. The metal has gained more than 10 percent in the past six weeks, boosted by supply risks and a generally more...
Aluminium: first Japanese premium deal reported in Q2 2024
The first quarterly aluminium premium contract for shipment volumes of 1,000 tonnes or more per month in the April-June period was reported at $145/mt, plus the London Metal Exchange's average cash settlement for the month of shipment, CIF Japan. The deal was reported...