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Stainless steel: market stabilizes, nickel surplus persists
Although recyclers generally had a better-than-expected start to the year, persistent surpluses, falling prices, and geopolitical and financial risks continue to cloud the outlook. In a reversal from last year, nickel prices in 2023 underperformed other major base...
Nickel: Indonesian minister warns mining companies to respect environmental rules
Indonesia's coordinating minister of maritime affairs and investment has warned companies operating in a nickel-rich region must comply with the country's environmental regulations, otherwise they would require the revocation of their operating licenses. Indonesia...
Copper: Rio Tinto starts production of Oyu Tolgoi
Rio Tinto on Monday said it has started underground production at its massive Oyu Tolgoi copper mine in Mongolia. Since the agreement between the Mongolian government and Rio Tinto in January 2022 to restore the relationship and advance the Oyu Tolgoi underground...
Copper: expected downturn for prices
Recent price action suggests a strong potential for copper prices to move away from the rally seen earlier in the year. Copper prices have begun to form lower highs on shorter time frames. This is a strong indicator that a downward trend is ahead. However, prices will...