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Iron ore: price rises on hopes of steel production recovery in China
The price of iron ore rose on Tuesday on growing hopes of a recovery in steel demand in China. The benchmark imported price in northern China rose to $129.17 a tonne during trading on Tuesday, up 3.2% from Monday's close. Domestic stainless steel enterprises are...
Aluminum: energy fuels price spike to record levels in Europe
Aluminum costs for European consumers are reaching record levels as soaring energy costs and production cuts have exacerbated deficits in the metal used in the energy, construction and packaging industries (as described in this article on January 4, 2022. Consumers...
Nickel: Tesla signs $1.5 billion deal for Talon Metals’ Minnesota project
Tesla reported that it has signed its first nickel supply agreement in the U.S., Talon Metals Corp’s Tamarack mining project in Minnesota. Under the terms of the agreement, which Talon reported came after “extensive and detailed” due diligence and...
Copper: Ivanhoe estimates to produce up to 340,000 tons at DRC mine in 2022
Ivanhoe Mines reported that it expects to produce between 290,000 and 340,000 tons of copper concentrate in 2022 at its Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC). The Canadian company, which began production of the commodity last year,...