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The metals community continues to expect new stimulus measures from Chinese leaders
Investors, traders and the metals community continue to anticipate new stimulus measures from China's leaders, which could boost economic growth, increase metal consumption and influence metal prices. However, they remain rather disappointed with the 5% growth target...
Copper: Antofagasta gets $2.5 billion for Centinela mine expansion
Chilean company Antofagasta has obtained $2.5 billion to finance a second plant at its Centinela copper mine in the north of the country, which will add 144,000 tonnes per year to the company's overall production. The company said it has signed definitive agreements...
Copper and zinc: LME intends to include the Saudi Arabian port as a delivery point
According to a statement from the London Metal Exchange (LME), the exchange plans to include Jeddah, a port city in Red Arabia, as a new delivery point for copper and zinc, subject to consultation on a technical amendment to the LME's warehousing location framework....
Stainless steel: the market shows a recovery
Nickel prices reversed their trend in February, rising 8.71% month-on-month. After a 3.53% increase in the first weeks of March, prices appeared to stabilise after reaching at least a short-term peak on 13 March. Distributors notice a slight recovery in Q1 The...