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Fitch Ratings revises global metal and mining price assumptions
Fitch Ratings raised all of its metallurgical coal price forecast due to rising costs and global steel consumption. Aluminium price assumptions for 2023-2025 were lowered due to weak demand, a strong US dollar, projected market surpluses for 2023-2024 and healthy...
Copper: stable prices ahead of rate decision and Fed outlook
London copper and most other base metals were unchanged in Asian trading on Monday as caution prevailed ahead of this week's interest rate decision, policy guidance and the US Federal Reserve's economic outlook. Three-month copper on the London Metal Exchange was up...
Copper: Codelco concludes long-term contracts to sell mined metal to Chinese customers from 2025 onwards
Chilean company Codelco is terminating long-term contracts for the sale of copper concentrate to Chinese customers from 2025, with the aim of expanding its product offering after assessing production prospects. Codelco intends to replace contracts that only provide...
Aluminium: Russia turns to India to reduce dependence on China
Russia in recent months has increased imports of the raw material aluminum alumina from India to supply its vast Siberian plants, a move that diversifies the sanctions-hit country's supply, helps reduce dependence on China and cuts costs. After invading Ukraine, the...