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LME Metal Exchange: Friday 7 and Monday 10 April closed for Easter holiday
On Friday 7 (Good Friday) and Monday 10 April (Easter) the LME Metal Exchange will be closed for the Easter holiday. Trading will resume as normal on Tuesday 11 April 2023. You are unauthorized to view this...
Aluminium: New Zealand smelter agrees with Meridian on demand flexibility to combat crisis
According to reports on 5 April, New Zealand Aluminium Smelter (NZAS) and Meridian Energy are likely to sign a new agreement that provides for flexible energy demand by the smelter in the event of grid stress or water shortages. The news came after Meridian submitted...
Steel: European buyers expect a shortage of 1 million tonnes of HRC
European steel buyers expect HRC supply to become increasingly scarce over the summer months due to recent fires at ArcelorMittal's Spanish and French plants. In the past two weeks, two fires occurred at ArcelorMittal's steel plants (read more here). The first...
Iron ore: Australia cuts export revenue forecast for fiscal year 2023-24
According to the Australian Ministry of Industry, Innovation and Science’s quarterly report, Australia’s iron ore export revenues would be around A$100 billion in fiscal year 2023-24, down from the A$121 billion projected for fiscal year 2022-23 due to...