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Codelco’s profits hit by falling prices and sales
Chile's Codelco, the world's largest copper producer, reported a 73% drop in pre-tax profit in the first three months of this year, mainly due to falling prices and sales volumes. Codelco's pre-tax profit was $418 million in the January-March period. The state-owned...
Aluminium: key points in the global value chain
Global non-ferrous metal prices, including aluminium, fell in April 2023. Despite falling aluminium inventories in LME warehouses and also in China, prices remained on a downward trend. The recovery of the Chinese economy in the latter part of the year 2022...
Copper: price hits one-week highs as holiday in China keeps trading volumes low
Copper prices rose to one-week highs on Tuesday, following a three-day weekend in London, although trading was thin as the Shanghai Futures Exchange remained closed for a bank holiday. While China's financial markets, the main consumers of metals, will remain closed...
Potential US-EU cooperation on green metals is still in its beginning stages
The ongoing work between the US and European governments to create a trade agreement involving sustainably produced steel and aluminium is still in its early stages, but the US aluminium industry has actively contributed to the bilateral discussions and is monitoring...