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Copper: prices settling due to rising stocks
Copper prices are in a settling phase, following the formation of new lows on 17 August, weighed down by rising stockpiles on the exchange and concerns about demand due to poor economic data from China, the main consumer. Three-month copper on the London Metal...
Copper: losses at Zambia’s Mopani mine in the first half of the year worsen as production slumps
Production at Mopani Copper Mines in Zambia declined in the first half of this year, adding to the losses of the operation bought by Glencore in 2021.Mopani's losses worsened to $196 million in the six months to June, compared to $120 million in the previous period,...
Iron ore: price gains due to China’s real estate stimulus
Iron ore futures rose 8 per cent on Friday on optimism over China's policies to support the struggling real estate sector. China is set to take further measures, including easing restrictions on home purchases, in a bid to tackle the worsening crisis in the...
Italian steel imports from non-EU countries fall in the first half of the year, exports grow
Steel trade between Italy and non-EU countries in January-June this year confirmed previous trends: imports decreased but exports increased. Italy imported about 5.18 million tonnes from non-EU countries in the January-June period this year, down 15.8% from the same...