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Copper: price improves further on supply/demand and China concerns
The price of copper hovers around one-week highs, reversing the previous day's downtrend, thanks to the weaker U.S. dollar combining with hopes of more supply contraction. Adding strength to the recovery moves are hopes that China may announce further stimulus to...
Steel: Nippon Steel will restart Nagoya blast furnace due to expected demand recovery
Nippon Steel, Japan's largest integrated steel producer, has decided to restart a blast furnace at its Nagoya plant in central Japan by the end of August due to an expected improvement in steel demand. The Nagoya No.3 BF had been undergoing upgrading since the end of...
Copper: Teck Resources and Chile discuss investment and royalties
Chilean President Gabriel Boric and Teck Resources CEO Don Lindsay met in the capital Santiago to discuss the Canadian miner's projects in the country, including its largest ever: Quebrada Blanca phase 2 (QB2). The $5.2 billion QB2 expansion project aims to extend the...
Non-ferrous metals: power shortage in China disrupts operations
Authorities in several regions of China facing scorching heat have issued power supply alerts, including a call for a total ban on energy-intensive industrial production for a week in the city of Chongqing, prompting ferrous and nonferrous industry operators to seek...