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Scrap: Japanese export prices consolidate
Export offers for Japanese scrap have risen further and major buyers have increased their offers. Buyers such as Taiwan and Vietnam are likely to show more interest as the Japanese yen has depreciated against the dollar. Despite the weak currency, scrap export offers...
Alumina: China could face the challenge of supplying Russia
Russia could look to its giant neighbour to replace Australian alumina supplies cut by sanctions, but Chinese aluminium smelters need all the raw material they can get and are also worried about secondary sanctions from the western world. Australia on Sunday imposed...
Nickel and lithium: soaring prices increase production costs in the EV sector
A global push among automakers to expand their electric vehicle (EV) lineup just got a lot more expensive, thanks to rising prices for nickel and lithium, key raw materials in EV batteries. Nickel is caught up in war-induced supply concerns and the short-term squeeze...
Copper: Peru approves expansion of Las Bambas mine
MMG Ltd reported on Thursday that it has obtained approval from Peru's Ministry of Energy and Mines to expand its Las Bambas copper mine, despite ongoing outrage from local indigenous communities. Located in the Apurimac region of southern Peru, the Chinese-owned mine...