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World crude steel production up in January 2024
The World Steel Association (worldsteel) announced that world crude steel production was 148.1 million tonnes in January this year, up 8.2 per cent month-on-month and 1.6 per cent year-on-year. Asian crude steel production in January was 107.6 million tonnes, down...
Copper: for the year 2023 the market was in deficit by 87,000 tons
The International Copper Study Group (ICSG) published preliminary global copper supply and demand data for November in its February 2024 Copper Bulletin. World copper mine production World copper mining production increased by about 1% in 2023, with concentrate...
UK announces new sanctions on Russia on the anniversary of the invasion of Ukraine
Britain announced a new package of sanctions against Russia on Thursday, saying it wants to reduce President Vladimir Putin's war arsenal two years after the invasion of Ukraine. The package, which affects more than 50 individuals and entities, was announced two days...
Zinc: speculators attack downside as prices rise to new highs
Fund managers have increased their short positions on zinc, betting that this year's weakest performer in base metal prices will see further declines. Investment fund positioning is now the most bearish since the London Metal Exchange (LME) launched its Commitments of...