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Copper: Rio Tinto confirms final bid for Oyu Tolgoi mine
Rio Tinto Plc CEO Jakob Stausholm has clarified that his bid to take over the company behind one of the world's largest copper mines is final. Speaking during an interview at Bloomberg News headquarters in New York, Stausholm reported that the world's second-largest...
Primary aluminum: budget ended in deficit through July
The report on metals balances from January to July 2022, published by the World Bureau of Metal Statistics (WBMS), indicates that the primary aluminum market recorded a deficit of 916 kt. This follows a deficit of 1,558 kt recorded for the entire previous year. Global...
Copper: prices under pressure as stocks rise ahead of Fed decision
Copper prices were pressured by rising inventories in London Metal Exchange (LME)-approved warehouses and a dollar currently on standby that weighed on sentiment ahead of the interest rate decision by the U.S. Federal Reserve later this week. Benchmark copper at the...
Aluminum: Rusal assumes direct delivery on LME warehouses
Russian aluminum producer Rusal is working on a plan to deliver some of its aluminum directly to London Metal Exchange (LME) warehouses in Asia. Neither Rusal nor its metal is subject to the sanctions imposed on other Russian companies after Moscow's invasion of...
