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Nickel: Australia adds metal to critical minerals list
Australia has added nickel to its list of critical minerals, predicting that weak prices for the battery metal will continue to put pressure on operators until 2024. On 16 February, Resources Minister Madeleine King announced the expansion of the critical minerals...
Steel: Algoma Steel restarts the blast furnace
Canadian company Algoma Steel Group Inc. said it has completed the process of repairing and restarting the blast furnace at its steel campus in Sault Ste. Marie, Ontario. The furnace had been temporarily halted after an incident on 7 February, which the company...
Aluminium: weak European demand remains a key obstacle to market recovery
According to Norwegian company Norsk Hydro, weak European demand for aluminium remains a key obstacle to market recovery. Norsk Hydro announced adjusted earnings before financial items, taxes, depreciation and amortisation (EBITDA) of NOK 3.74bn ($352m) in the fourth...
Copper: prices rebound thanks to a weaker dollar
Copper prices are rebounding today, Thursday 15 February, thanks to the easing US dollar and stable manufacturing demand from major consumer China. The metals were supported by the dollar index, which, after reaching a three-month high earlier in the week, started to...