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Copper: new block for Las Bambas mine
Peru's Southern Mining Corridor, a road used by MMG's Las Bambas mine to transport copper to the seaport, will remain closed until further notice, reported the four communities blocking the track since January 26. Speaking to local media, representatives of the...
Pig iron: Russian exports rise by 8% in the first 11 months of 2021
Russian pig iron exports rose 8% year-on-year in the first 11 months of 2021 (Jan-Nov 21). Cumulative exports stood at 3.56 million tons (mnt) in the period under review compared to 3.3 mnt seen in the corresponding period last year. The United States maintained its...
Eur/Usd: potential recovery in the short term
In its January press conference, the Federal Reserve (Fed) delivered a more restrictive message than expected. Inflation is high and the Fed will intervene. Chairman Powell left open the possibility of raising rates more and sooner and at the same time downsizing the...
Copper: sharp rise for Chinese imports
Decisive rise for Chinese imports of "Crude copper and copper products" which stood at 589,165 tons in December 2021, up 15.43% on a monthly basis compared to the previous month and up the same amount on an annual basis. Exports fell on a monthly basis to 78,512 tons...