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First Quantum: Short-Term Losses, Long-Term Growth
Despite a net loss of $196 million in the first quarter, First Quantum Minerals is looking ahead with greater optimism, revising upward its full-year copper production guidance. The company now expects production between 405,000 and 475,000 tonnes, compared to the...
Pig Iron And Billets: Rising Prices Amid Global Pressures And Weak Demand
The pig iron and billet markets are going through a complex phase, characterized by strong upward pressure at the global level but also by weak and uncertain European demand, particularly in Italy. These seemingly conflicting dynamics are reshaping the steel supply...
Secondary Aluminium In The United Kingdom: Supported Prices But More Cautious Demand
The UK secondary aluminium ingot market continues to show resilience, supported by a combination of factors including persistent difficulty in sourcing scrap and high replacement costs. However, beneath the surface, early signs of strain are emerging: buyers are...
Aluminium In Europe: A Market Caught Between Backwardation And High Costs
The European aluminium market is currently in a state of tension, caught between two opposing forces: on one side, persistent backwardation on the London Metal Exchange; on the other, rising replacement costs discouraging immediate metal sales. This combination is...