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Nickel: price will average $21,000 in Q3 due to increased supply
The price of nickel has underperformed the market this year, becoming the worst performing metal on the London Metal Exchange (LME). The metal fell to a low of $19,937 this year, about 27 per cent lower than its high point in March. Nickel is one of the most important...
Copper: imports into China in June fell by 16.4 % due to continued weak demand
China's copper imports fell 16.4 per cent in June from a year earlier, customs data showed on Thursday, due to a combination of strong domestic production and weak demand in the world's top consumer of the metal. Imports of raw copper and copper products totalled...
Copper: Chinese credit data and falling dollar support prices
Copper prices were supported by credit data from major consumer China and a lower dollar ahead of US inflation data, but doubts about a significant recovery in demand weighed on sentiment. Benchmark copper on the London Metal Exchange (LME) was up 1 per cent at $8,424...
Rio Tinto and Japan’s Sumitomo will produce low-carbon alumina at Queensland refinery
Rio Tinto said Wednesday that it will build a hydrogen plant in Gladstone, Queensland, together with Japan's Sumitomo Corporation in an effort to minimize carbon emissions at its Yarwun alumina refinery. The experimental technology could reduce emissions from the...