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SHFE: Mixed Prices for Base Metals, Lead the Largest Decline
During morning trading on the Shanghai Futures Exchange (SHFE) on Wednesday, September 10, base metal prices showed a mixed trend, with lead recording the largest decline. At 10:30 a.m. Shanghai time, the prices of the most traded contracts (including 13% VAT)...
Freeport Halts Grasberg Operations: Second Shutdown for a Global Top 10 Copper Producer
On September 9, Freeport-McMoRan suspended operations at the Grasberg complex, the world's second-largest copper mine, marking the second significant disruption in a matter of weeks among major global producers following the accident at Codelco's Chilean El Teniente...
European HRC: Prices Stable Amid Weak Demand and CBAM Uncertainty
The stalemate in the European hot rolled steel (HRC) market continued on Monday, September 8, with prices stable due to the persistent mismatch between supply and demand, which kept trading activity very low. According to calculations by Commodity Evolution, the...
Anglo American and Teck Resources Merge: A New Copper Giant Is Born
On September 9, Anglo American and Teck Resources announced they had reached an agreement to merge their assets, creating one of the world's largest copper producers. The new company, called Anglo Teck, will have a combined annual production of approximately 1.2...