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Zinc: metal touches highs at $ 4,013/mt
Zinc hit its highest since 2007 and other industrial metals extended a powerful rally fueled by trade turmoil and rising energy costs amid Russia's growing economic isolation. The metal used to coat and protect steel rose as much as 4% on the London Metal Exchange to...
Aluminium: Alcoa interrupts business with Russia
Alcoa, the largest aluminum producer in the U.S., reported that it will stop selling products to Russian companies and halt purchases of raw materials from the country in response to the invasion of Ukraine. The decision makes Alcoa one of the first major aluminum...
Iron ore: China expects a sharp increase in production by 2025
China plans to increase its iron ore production in overseas mines to 220 million tons by 2025, in addition to increasing domestic raw material supplies. According to Luo Tiejun, vice president of the China Iron and Steel Association, China aims to...
Aluminum: price rises to record highs on fears that logistics problems will hit supply
Aluminum prices reached a new high at $3691/mt today, March 3, as investors fear that logistical difficulties will stall metal supplies due to tough sanctions on the main producer, Russia. Aluminum is up 39% in the past 2 1/2 months, initially on weaker production due...