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Escondida, After The Fatal Accident The Resumption Is Gradual: The Copper Market Also Watches The Negotiations
The death of a worker during maintenance work brought operations to a halt at Escondida, the world’s largest copper mine. The accident occurred on Wednesday, September 23, at the Chilean site operated by BHP in the Atacama Desert. The company suspended operational...
Nickel Premiums Retreat in Europe as Demand Disappoints
Energy costs are rising, but European producers are struggling to pass them on through nickel premiums. Demand, expected to recover in the fourth quarter, is proving weaker than anticipated, and unsold material remains on the market. In the week ending Tuesday,...
Copper Scrap, Exports Support The Brass Ingot Makers’ Market
Export demand and scarce supply kept the discounts applied to copper scrap purchases by brass ingot makers stable in the week ended Wednesday, September 23. Prices for some brass grades, meanwhile, rose following the recovery in COMEX copper. Slow Flows Into Yards,...
Black Mass: Falling Cobalt Prices Slow Buying in Asia
Payables for black mass fell across Asia’s main battery recycling hubs in the week ending Wednesday, September 23. The main weight on negotiations is the decline in cobalt sulfate prices: with weak demand for battery salts and stocks already available, many recyclers...