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Freeport Halts Grasberg Operations: Second Shutdown for a Global Top 10 Copper Producer
On September 9, Freeport-McMoRan suspended operations at the Grasberg complex, the world's second-largest copper mine, marking the second significant disruption in a matter of weeks among major global producers following the accident at Codelco's Chilean El Teniente...
European HRC: Prices Stable Amid Weak Demand and CBAM Uncertainty
The stalemate in the European hot rolled steel (HRC) market continued on Monday, September 8, with prices stable due to the persistent mismatch between supply and demand, which kept trading activity very low. According to calculations by Commodity Evolution, the...
Anglo American and Teck Resources Merge: A New Copper Giant Is Born
On September 9, Anglo American and Teck Resources announced they had reached an agreement to merge their assets, creating one of the world's largest copper producers. The new company, called Anglo Teck, will have a combined annual production of approximately 1.2...
Chalco Targets 7.8 Million Tons of Aluminum in 2025
China's largest aluminum producer, Aluminum Corporation of China (Chalco), has set a target of 7.8 million tons of primary aluminum for 2025, representing a 2.5% annual increase. For alumina, the target is 16.81 million tons, in line with 2024 levels. In the first...