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Anti-dumping duties affect Turkish steel mills’ coated coil exports to the EU
Turkish exports of coated coils of width 600mm or more in the first five months of 2023 dropped 50 per cent year-on-year to 342,500 tonnes, due to anti-dumping duties imposed by the European Commission and low demand in most major export markets, including the US....
Nickel: LME approves new brand
The London Metal Exchange (LME) said on Thursday it had approved nickel produced by Quzhou Huayou Cobalt New Material, a subsidiary of China's Zhejiang Huayou Cobalt, as a listing brand and expects other brand applications in the coming months. This is the first new...
Copper: Freeport’s profits drop 60% due to lower production and Indonesia’s problems
Mining company Freeport-McMoRan Inc on Thursday reported a 60 per cent slump in second-quarter profits, due to lower production and lower sales caused by delays in shipments to Indonesia. Freeport operates the low-cost, high-grade Grasberg mine in Indonesia and its...
Copper: speculators return to buying after a negative May
Copper's electrical conductivity makes it a key component of the green energy transition, whether in the form of solar panels, electric vehicles or wind turbines. Funds are taking their cue from weakness in the global manufacturing sector, especially in China, the...