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Copper: Antofagasta says water shortage in Chile will affect 2022 production
Chilean miner Antofagasta expects annual copper production for 2022 to be below last year's levels as operations continue to be affected by the country's longest drought in decades. The company, which has already seen 2021 copper production drop 1.7% to 721,500 tons,...
Non-ferrous metals: session in strong recovery
Today’s session shows an excellent performance for non-ferrous metals, with nickel showing a daily growth of +3.69%, followed by tin +1.84%, copper +1.61%, lead +1.34%, zinc +1.08% and aluminum at +0.80%. Stay updated with Commodity Evolution to follow in detail...
Tin: Indonesia has yet to issue permits to export the metal in 2022
Indonesia, the world's second-largest tin producer, has yet to issue permits to export the metal in 2022. Tin benchmark prices on the London Metal Exchange hit a record high of $42,830 a tonne on Wednesday amid rumors of a delay in Indonesia's issuance of export...
Nickel: LME highlights a limited market
The London Metal Exchange reported Wednesday that it was monitoring nickel prices, which have risen due to tight supplies, strong demand from electric vehicle battery manufacturers and large drawdowns on inventories. The backwardation (cash price>3-month price)...