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Copper: Stellantis invests $155 million in McEwen Copper
Carmaker Stellantis has invested $155 million to buy a minority stake in a copper mine in Argentina as part of its global push to secure raw materials for electric vehicle batteries. The company acquired a 14.2% stake in McEwen Copper, a subsidiary of Canadian McEwen...
Aluminium: Trafigura in Russia to challenge Glencore
Commodities trader Trafigura Group is in talks to buy Russian aluminium from United Co. Rusal International PJSC, underscoring its willingness to strike new deals with Russian companies even as its biggest rival struggles. Trafigura and Rusal are discussing a forward...
Copper: doubts about Chinese demand and the dollar push prices to seven-week lows
Copper prices fell to seven-week lows under pressure from a stronger dollar and a lack of evidence of a healthy demand outlook in main consumer China ahead of key data on the country's manufacturing sector. Benchmark copper on the London Metal Exchange (LME) was up...
Nickel: the market moved from deficit to surplus in 2022
The supply of nickel, a key metal element for electric vehicle (EV) batteries, exceeded demand by 112 K tonnes last year, the largest surplus since 2014. You wouldn't know it by looking at the London Metal Exchange (LME), where registered nickel stocks have fallen by...