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Steel: US and EU producers form coalition to reduce carbon emissions
A coalition of steel producers from the United States and the European Union has formed to urge authorities to adopt stricter carbon emission standards for steel production. The Global Steel Climate Council (GSCC) is composed of several leading U.S. and European Union...
Copper: in January-September 2022, the market closed in deficit
The global copper market posted a deficit of 736 thousand tons in the first nine months of this year. This follows a deficit of 285 thousand tons during the entire previous year. LME stocks of the metal increased by 48 thousand tons at the end of September this year,...
Aluminum: Alcoa pressures U.S. and LME to sanction Russian metal
William Oplinger, executive vice president and chief financial officer of Alcoa, told the Goldman Sachs Global Metals & Mining Conference that the energy crisis[world was caused by Russia's invasion of Ukraine. Western suppliers had to deal with the aluminum...
Aluminum: China’s ingot stocks drop by 29,000 tons on a weekly basis
According to the Shanghai Metals Market, primary aluminum inventories in China fell by 29,000 tons on a weekly basis in the eight major consumption areas. On Thursday, November 17, stocks stood at 547,000 tons, a further drop of 6,000 tons from the second Monday of...