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Copper: prices at one-month lows on weak Chinese economy
Copper prices fell to their lowest in more than a month on concerns about China's economy after disappointing data and as investors grappled with delays in interest rate cuts by the US Federal Reserve. Three-month copper on the London Metal Exchange (LME) was down...
Tepid domestic demand, robust exports for China’s steel sector in 2024
China's debt crisis, slowing consumer spending and growing steel overcapacity are expected to remain the biggest hurdles for domestic steel markets in 2024, exacerbating their difficulties that have lasted for several months now. In Asia, steel capacity is also...
Cobalt: most producers at a loss after the 2023 price collapse
Most cobalt producers are likely to make a loss per tonne of cobalt produced after last year's price collapse. Despite falling prices, Chinese-owned companies are aggressively expanding cobalt mining in Congo and Indonesia in an attempt to gain market share in the...
Nickel: First Quantum will stop the Ravensthorpe mine
Canadian First Quantum Minerals, which is suffering from the forced closure of its giant copper mine in Panama, will stop mining at its Ravensthorpe nickel mine in Western Australia for two years. The company said it will continue to sell nickel from its stockpile,...