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Steel: Brazilian production and sales fall in December
Brazilian crude steel production stood at 2.51 million tonnes in December last year, down 5.2% year-on-year. Compared to December 2021, rolled steel production was 1.40 million tonnes, down 21.1%, finished steel production was 761,000 tonnes, down 12.3%, domestic...
FerroChrome: Outokumpu postpones furnace restart time
Finnish stainless steel producer Outokumpu has announced that it will restart one of its three ferrochrome furnaces on 15 February, earlier than planned. The furnace was temporarily shut down in September for maintenance work and its restart was postponed to the end...
Bauxite: SMHL suspends mining operations in Sierra Leone
On 10 January 2023, Sierra Mineral Holdings 1 Limited, a subsidiary of Vimetco N.V., issued a note stating that it would temporarily suspend all operations in Sierra Leone. The note stated that the suspension was due to the lack of bauxite sales in the global market,...
Copper: unrest in Peru threatens to block almost 2% of global supply
Protests in Peru threaten to block access to nearly $4 billion of copper, just as China is pulling out of the Covid blockade and promising to increase demand. Peru's third largest copper mine, Las Bambas, has not shipped copper concentrate since 3 January due to...