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Ferrous metals divided on cutting China’s steel output
Soaring prices for a range of ferrous products, including steel, iron ore and coke, since April have further divided ferrous market sources inside and outside China over their views on the possibility of Chinese steel production cuts, despite Beijing’s...
One million tons of Australian copper needs new buyers
Bullish sentiment for copper made new highs, with Australian producers unable to take full advantage of the rally they helped create. Relations between Canberra and Beijing hit a new low on Thursday. With imports at zero since the end of November under a ban that has...
Chile’s 75% copper tax is increasingly a reality
Chile’s lower house has approved a progressive rate on copper sales in what could become one of the heaviest tax burdens in the global mining sector, potentially stalling investment and raising prices. Lawmakers, who had already approved a bill to introduce a...
China suspends economic dialogue with Australia
China on Thursday suspended indefinitely all activities of the China-Australia Strategic Economic Dialogue. Chinese Foreign Ministry spokesman Wang Wenbin reported that the suspension was a “necessary and legitimate” response to Australia...