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Lithium: Codelco secures first asset with the purchase of an Australian company
Chilean state-owned Codelco, the world's largest copper producer, has secured its first lithium asset at home after shareholders of Australian Lithium Power International approved the company's acquisition. The acquisition of the Sydney-based miner, worth A$385m...
HRC steel: European buyers reluctant to accept higher offers in a context of reduced trade
European hot-rolled coil (HRC) producers remained optimistic due to good order books, but buyers were still reluctant to accept their official offers due to weak end-user demand. Weak demand supported buyers' attempts to negotiate lower prices on the spot market, but...
Aluminium: rumours of further EU sanctions on Russia drive up the price
Aluminium prices hit their highest levels in more than a week as traders priced in the risk of a global supply shortage following news of potential EU sanctions against Russia, one of the world's largest producers. Three-month aluminium on the London Metal Exchange...
Copper: China sees TC/RC cost down in Q1 due to tighter supply
The treatment and refining (TC/RC) cost of pure copper concentrates in China is expected to see a downward trend in the first quarter of 2024, due to supply tightening that has led to stronger demand for high impurity concentrates from Chinese smelters. Supplies of...