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Iron ore: optimism on China stimulus supports prices
Iron ore prices have managed to stay above the key $100/mt threshold for most of the year. Prices are now at year-to-date highs, fuelled by strong demand and multi-year low inventory levels in China. Over the past two months, the Chinese government has adopted a...
Copper: falling price for stable dollar ahead of US inflation data
Copper opened lower on Monday, while the dollar remained stable, with investors awaiting the US inflation report due later this week for more clues on the Federal Reserve's rate outlook. Three-month copper on the London Metal Exchange was down 0.39 per cent at...
Steel: Ukrainian Zaporizhstal’s production increased in 2023
Zaporizhstal, a subsidiary of Ukrainian steel producer Metinvest, announced production results for December and the whole of last year. In December, the company's production of pig iron, crude steel and finished steel increased by 87.1%, 223.1% and 257.9% year-on-year...
Alumina: Chinese market hits record highs in early 2024 amid concerns over bauxite supply
The alumina market in China has seen a significant rise ahead of the year 2024, with alumina prices reaching new highs since the previous year. According to the latest data, the average spot price of alumina in China rose to RMB 3,154 per metric tonne on Tuesday 2...