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LME ends an uncertain year with dangerously low stocks
The London Metal Exchange will enter 2023 with the lowest inventories in at least 25 years, setting the stage for future pressures and spikes if demand proves stronger than expected. Available stocks of the six major metals traded on the LME fell by two-thirds in...
Copper: Chilean production fell 5.5 percent in November
Copper production in Chile, the world's largest producer of the metal, fell 5.5 percent year-on-year to 459,229 tons in November. Statistical agency INE, which released the figure, said the decline was partly due to lower ore quality and operational problems affecting...
HRC steel: European producers aim for higher prices
Steel mills in northwestern Europe are pointing to higher prices for hot-rolled Coils, despite the seasonal slowdown at the end of the year. According to some market sources, steel mills in other European regions are expected to follow the price increase in January....
Steel: ArcelorMittal buys Europe’s fourth recycler in 2022
ArcelorMittal has signed an agreement to acquire Polish scrap metal recycler Zaklad Przerobu Zlomu (Zlomex), making it the fourth scrap company acquired by the steelmaker in Europe this year, in line with its strategy to increase the use of recycled materials and...