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Copper: price trades in a narrow range as rising shares offset dollar support
LME-listed copper is currently trading in a narrow range as investors weighed rising stocks and a gloomy demand outlook against support from a weaker US dollar. Three-month copper on the London Metal Exchange was trading in the $8,396/mt area (+0.06%) at 09:41 a.m....
Mozal Aluminium will increase production by 40,000 tonnes
Mozal Aluminium smelter, located in Mozambique, plans to increase primary aluminium production by 40,000 tonnes during the current fiscal year, which began in June. Mozal Aluminium's operation in the southern African nation is considered the country's largest...
Copper: Peru maintains second producer position but investment pipeline stalled
Peru is maintaining its place as the world's number 2 copper producer and supplier, with a rebound in mining activity that has helped the country stay ahead of rival Democratic Republic of Congo (DRC). The South American nation saw production of the red metal increase...
Aluminium: China Hongqiao transfers 1.5 million tonnes of capacity to Yunnan
China Hongqiao Group has relocated 1.5m tonnes of aluminium smelting capacity to the south-west of the country, where it plans to move 4m tonnes by the end of 2025 to take advantage of low-carbon energy. Ron Knapp, special advisor to the company, said this will reduce...