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Cobalt: China to increase control over global supplies
China is poised to increase its grip on the global supply of cobalt. In the next two years, China's share of cobalt production is expected to reach half of global production, up from 44% currently. China's refining activity reached 140,000 mt in 2022, giving the...
Copper: Rio Tinto starts production of Oyu Tolgoi
Rio Tinto on Monday said it has started underground production at its massive Oyu Tolgoi copper mine in Mongolia. Since the agreement between the Mongolian government and Rio Tinto in January 2022 to restore the relationship and advance the Oyu Tolgoi underground...
Steel: what prospects for the longs markets in the USA, Turkey and Europe
Global demand for long products seems to have recovered lately in most regions, mostly due to seasonal reasons and the post-holiday season. However, apart from most markets, the situation in the EU remained weaker in terms of local trade. Globally, supply has started...
Copper: expected downturn for prices
Recent price action suggests a strong potential for copper prices to move away from the rally seen earlier in the year. Copper prices have begun to form lower highs on shorter time frames. This is a strong indicator that a downward trend is ahead. However, prices will...