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Copper: Codelco proposes 2023 European premiums at record levels
Chile's Codelco, the world's largest copper mine, is proposing to sell copper to European buyers at a record premium of about $235/ton for 2023, up sharply from 2022. The premiums set by state-owned Codelco for physical delivery of copper, paid on top of the London...
Steel Italy: stagnation continues for CRC and HDG
Stagnation continues in the Italian markets for cold-rolled and hot-dip galvanized coils. However, the past ten days have seen additional demand. Producers have agreed to more contracts, particularly for export sales to neighboring European markets such as France and...
Scrap: improving demand in Italy and a potential price increase
According to Italian trade association Assofermet, the tax cut decided by the Italian government to ease the burden of energy prices on energy-intensive sectors has caused many steel mills to resume production, thus increasing demand for scrap. This is causing prices...
Zinc: producer Nexa expects high prices due to closure of European smelters
South American zinc and copper producer Nexa Resources SA expects limited supplies of zinc metals globally due to the closure of smelters in Europe as energy prices skyrocket. Ignacio Rosado, CEO of Nexa, said before a meeting with investors at the New York Stock...