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Aluminum and copper: LME tightens daily price limits from 24 July
The London Metal Exchange (LME) will reduce daily price limits for aluminum and copper outright contracts to 12% from the current 15% effective 24 July. LME has imposed price limits on aluminum and copper, the most liquid metals at the LME, following significant...
Steel: European investments continue apace
Often supported by national government and European Union funding, the number of planned and ongoing electric arc furnace (EAF) steelmaking facilities in Europe continues to grow. Most often citing decarbonisation, the effort to reduce or eliminate dependence on coal...
Alarm bells for Chinese steel production
Last weekend, major Chinese steel companies issued a cautionary statement regarding their profits. In the statement, producers acknowledged a number of hurdles they expect to encounter in the second half of the year. Disappointing demand, declining profitability and...
Copper: Zambia declares agreement with Vedanta for disputed activities imminent
Zambia is close to settling its dispute with Vedanta Resources over its Konkola Copper Mines assets, with an agreement imminent over the future of the partly state-owned unit. KCM has struggled to attract investment since relations between Zambia and Vedanta broke...