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Nonferrous metals: do China’s strong metal imports suggest a rebound in the short term?
China's appetite for base metal imports appears to be growing. In August, refined copper volumes reached a year-to-date monthly high and primary aluminum imports were the highest since November 2021. The increase in imports is due to an open arbitrage window thanks to...
Steel: overcapacity problem will worsen in future; word from OECD
At its 94th meeting on 25-26 September 2023, the OECD Steel Committee expressed concern about the deterioration of the world steel market due to growing overcapacity, weakening steel demand and government interventions in some countries. The Committee noted that the...
Nickel: Glencore will stop financing its Koniambo mine
Glencore Plc said it will only continue to finance its Koniambo nickel mine until February, as the commodities giant has failed to make a profit from it for years. Glencore is one of the world's largest nickel producers, but its New Caledonia mine has been a constant...
Aurubis continues to expand its pioneering role in the production of certified metals through the ‘Copper Mark’
Aurubis, a leading global producer of multi-metals and one of the world's largest copper recyclers, has now also successfully completed the Copper Mark certification process for its Olen site. After Pirdop, Hamburg and Lünen, the Belgian plant is the fourth site in...