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Copper: Chilean Senate approves mining royalties law and moves to final vote
The Chilean Senate approved a long-awaited new mining royalties law on Wednesday and sent it back to the lower house for a final vote that could come as early as next week. Chile is the world's leading copper producer and the law aims to increase taxes on large copper...
Aurubis raises annual profit forecast due to strong demand
Aurubis AG, Europe's largest copper producer, on Thursday confirmed an improved underlying profit forecast for the current financial year, as it expects the strong trading environment and demand momentum to continue. Aurubis confirmed an operating profit before tax...
Copper: prices under pressure due to weak demand
Copper prices remained under pressure as expectations of continued weak demand offset support from a weaker dollar, while trading remained cautious ahead of key US inflation data. Three-month copper on the London Metal Exchange settled at $8,561/mt (Italy time), down...
Aluminium: prices fall as LME faces Russian oversupply
Aluminium prices continued their slow decline, while remaining in a general sideways trend. After a 1.31% drop in April, prices fell a further 2.22% in the first week of May. However, despite the weakness, aluminium prices have not yet formed any lows, so a...