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Ferrous scrap: chinese inventories fall to two-year lows
Ferrous scrap inventories at China's major steel mills, which include both blast furnaces and electric arc furnaces (EAFs), fell for the seventh consecutive week by another 89,300 tonnes or 3.7% from the previous week to 2.3 million tonnes, a new low since July 2020....
Steel: expected declines in EU hot rolled coils
The expectations are for a downward trend in prices for hot rolled coil as demand has remained subdued due to the holiday period. Some market sources report a quiet market with subdued demand and most traders preferred to wait and see if prices would correct from...
Tin: prices drop to 40,000 dollar/ton
Tin prices fell to as low as 40,000 dollar/ton on Monday on concerns over low demand and rising inventories on the London Metal Exchange (LME) and Shanghai Futures Exchange (ShFE). Since March 8, when it reached a record 50,405 dollar/ton, tin, mainly used as a...
Copper: SEA recommends denial of extension for Los Bronces mine in Chile
Chile's environmental regulator has recommended that global miner Anglo American's Los Bronces copper project should not be granted an extension permit involving a planned $3.3bn investment. Anglo American reported that Chile's environmental assessment service had...