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Steel: demand in China falls in July due to shrinking exports and a weak real estate sector
Monthly demand for manufacturing steel in China fell in July after a recent rebound in June. According to market sources, shrinking exports and a further slowdown in the real estate sector will continue to weigh on demand for manufacturing and related steel. In July,...
Codelco at risk of insolvency due to rising debt
According to the Chilean Centre for Copper and Mining Studies (CESCO), Chile's Codelco, the world's largest copper producer, is at risk of insolvency due to rising costs and mounting debt from projects that have not met production targets. Cost overruns on...
Zinc: LME deliveries turn into a raging river
London Metal Exchange (LME) zinc stocks more than doubled, reaching 145,975 metric tonnes in the past month and reaching the highest level since February 2022. What began as a flow of metal to the LME in July turned into a flood in August, with 76,425 metric tonnes...
Alcoa renews energy supply agreement with AGL Energy for Portland aluminium smelter
Alcoa is renewing its energy supply agreement with AGL Energy for the Portland aluminium smelter. The new agreement will run for nine years, beginning on 1 July 2026, when the current contract between Alcoa and AGL expires. The 300 megawatts of power will cover about...