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Aluminum: giant Rusal’s net income plummets 75% in first half due to soaring costs
Russian aluminum giant Rusal on Friday reported a 75 percent drop in first-half net profit due to soaring production costs resulting from dwindling raw material resources, strong inflationary pressures, and international sanctions against Russia. Rusal, one of the...
Copper: speculators increase net long positions
LME copper prices started to show uncertainty last month, in the absence of directional strength. Today, copper prices continue to move in a sideways range. Despite the long-term bullish outlook, copper prices remain rather hesitant. Although prices have risen almost...
Aluminium: buyers sleepless over LME quotation anxieties
One such topic that has recurred in recent months is buyers' anxiety about the LME aluminium price. In particular, much has been said about the potential inability of the LME to reflect the true value of global aluminium prices. While this may be an...
Tin: healthy stocks and weak demand limit price rise
Rising tin stocks, weak demand, and the risk of bullish position selling by speculators will likely limit further upward movement in tin prices following the mining ban in Myanmar, the world's third-largest tin mining nation. Tin is the best-performing metal on the...