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Zinc: prices fall as US economic data worsens
Zinc shows a decidedly bearish trend, with prices approaching the key static support represented by the October 2022 lows at $2,650/mt. US economic data raised fears of a recession that could darken the outlook for demand for the metal. The latest C.O.T. report also...
Aluminium: Yunnan’s weather forecast will affect the future of aluminium
According to the latest monthly survey by the International Aluminium Institute (IAI), global primary aluminium production grew 2.0% year-on-year to 16.9 million tonnes in the first three months of 2023. China, which accounts for just under 60% of global primary metal...
Nickel Asia to open two more mines in the Philippines
Nickel Asia Corp, the largest nickel ore producer in the Philippines, plans to bring two more mines into production within three years and will assess the feasibility of building another processing plant. President and CEO Martin Antonio Zamora said the company partly...
Zimbabwe will introduce a digital currency backed by gold
Zimbabwe will soon introduce a digital currency backed by gold to stabilise the local unit from its continued depreciation against the dollar. The Sunday Mail quoted central bank governor John Mangudya: "This will allow those holding small amounts of Zimbabwe dollars...