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Strike avoided at the world’s largest copper mine
The BHP's Escondida mine supervisors' union in Chile on Friday said it had reached an agreement on a union agreement, averting the threat of a strike at the world's largest copper mine. The new contract with the mine operator was approved by a 58% vote. Last week...
Glencore starts nickel supply talks with EV battery manufacturers
Glencore, a global raw material company, is close to securing nickel supply with carmakers and battery manufacturers in the midst of an impending market downturn and Tesla CEO Elon Musk's recent appeal to miners to produce more metal. The Swiss company secured an...
Overview Market Close – October 16, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 28,606.31 +112.11 +0.39% S&P 500 INDEX 3,483.81 +0.47 +0.01% NASDAQ COMPOSITE 11,671.56 -42.31 -0.36% NYSE COMPOSITE INDEX 13,169.32 +32.07 +0.24% S&P/TSX COMPOSITE INDEX 16,438.75 -62.28 -0.38%...
The market waiting for the Chinese standard guidelines for steel scrap
The steel market both in China and outside are waiting for the national standard guidelines for steel scrap which are reportedly to be published by the end of 2020. The China Association of Metalscrap Utilization (CAMU) and related government bodies such as the...