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Nickel: JPMorgan owns the invalidated contracts at the LME
JPMorgan Chase & Co. owns the London Metal Exchange (LME) nickel contracts that turned out to be backed by bags of stones instead of metal. The LME announced it had cancelled nine nickel contracts, worth about $1.3 million, after discovering "irregularities" in a...
Ferrous scrap: German exports reach lowest level since 2009
Germany's ferrous scrap exports declined significantly in 2022, according to data from the German Federal Statistical Office. In the January-December period, shipments totaled 7.7 million tons, down 14 percent from 2021. According to local experts, this is the lowest...
Steel: continued decline in Italian steel production
According to the latest updated data released by Federacciai, the Italian federation of steel companies, the volumes of crude steel produced in Italy decreased by 7.3 percent year-on-year in February 2023 to 1.896 million tons. Taking into consideration the long and...
Critical raw materials: European recyclers support new recycling targets
EuRIC, the European Confederation of Recycling Industries, expressed its position in a press release on the content of the European Commission's recently published proposal for critical raw materials, which is seen by EuRIC as a step in the right direction toward...