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Aluminium: China records all-time high in August production
China's primary aluminium production surged significantly in August, reaching an all-time monthly high. According to data released by the National Bureau of Statistics (NBS) on Friday, China's production rose 3.1 per cent year-on-year to an extraordinary 3.6 million...
United Auto Workers (UAW) union goes on strike
The United Auto Workers (UAW) union went on strike against the three major US car manufacturers, General Motors, Ford and Stellantis. After failing to reach an agreement on a new contract last Thursday, the workers began implementing a new strike strategy, with less...
Fitch Ratings revises global metal and mining price assumptions
Fitch Ratings raised all of its metallurgical coal price forecast due to rising costs and global steel consumption. Aluminium price assumptions for 2023-2025 were lowered due to weak demand, a strong US dollar, projected market surpluses for 2023-2024 and healthy...
Copper: stable prices ahead of rate decision and Fed outlook
London copper and most other base metals were unchanged in Asian trading on Monday as caution prevailed ahead of this week's interest rate decision, policy guidance and the US Federal Reserve's economic outlook. Three-month copper on the London Metal Exchange was up...