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Pressure groups sue LME for allowing trade in polluting Indonesian metal
Two pressure groups have filed a lawsuit against the London Metal Exchange (LME) for allowing the sale on its platform of metal produced in Indonesia that they claim pollutes local rivers used by indigenous communities. The London Mining Network (LMN) and the Global...
Copper: biggest weekly loss since September
LME copper headed for its biggest weekly loss since September on concerns about demand from major consumer China and a flat US dollar. Three-month copper on the London Metal Exchange settled at $8,203/mt, down 0.28% (11:10am Italy time) from the previous day's close...
Iron ore: prices have started a sharp correction phase
After opening the year at levels even higher than last year's high of close to $144/mt CFR China, iron ore prices have entered a sharp correction phase since the end of January. Compared to the peak at the beginning of the month, the price of iron ore with an iron...
Steel: Brazilian government increases duties on rebar and tube imports
Brazil's Ministry of Development, Industry, Trade and Services announced on 8 February a change in import tariffs for five product groups in the steel sector, including rebar and pipes, with a 10% increase from the current tariff of 10.8%. The decision partly meets...