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Indian Aluminium Scrap Prices Fall As Weaker LME And Concentrated Arrivals Restrain Buying
Indian aluminium scrap import prices declined in the week to October 7, pressured by subdued purchasing, lower LME prices and a temporary increase in local availability. The simultaneous arrival of previously delayed cargoes expanded supply just as Asian...
Bulgarian Copper, EBRD Backs Asarel Medet With Up To €55 Million For Mining And Renewables
The European Bank for Reconstruction and Development (EBRD) announced on October 5 a loan of up to €55 million to Asarel Medet, supporting investment at its open-pit copper mine in Panagyurishte and renewable energy generation for its own operations. The financing...
Black Mass, Korean Payables Fall As Weak Metals Prices And Returning US Supply Weigh On Trading
Asia’s NCM black mass market continues to soften. In the week ended October 7, nickel and cobalt payables for South Korean imports fell to 93-98%, from 95-100% the previous week, according to Fastmarkets assessments. Reduced purchasing, negative expectations for...
Brazilian Unwrought Aluminium Imports Rise As Argentina Supplies Almost 65%
Brazil’s unwrought aluminium imports reached 19,118 tonnes in September, up 19.29% from August and 18.47% year on year. Government data released on October 6 show Argentina strengthening its position, supplying almost two-thirds of the country’s overseas...