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Peru’s mines continue to operate despite protests
Peru's copper mines are maintaining production despite the roadblocks, attacks and protests that have rocked the Andean nation for more than two months and led to warnings of production stoppages. Reuters analysis of electricity utilisation data at some of the major...
Copper: price rises on Powell’s comments
Copper prices edged higher on Wednesday, buoyed by improved sentiment as investors interpreted Federal Reserve Chairman Jerome Powell's comments as less accommodative, while continued supply disruptions continued to support the metal. Three-month copper on the London...
Zinc: low stocks and the only metal currently in backwardation
Three-month zinc prices on the London Metal Exchange are trading at a strong premium to cash prices (backwardation situation - cash prices>3-month prices), due to buying fuelled by nervousness about availability in the LME as stocks have reached record lows....
Aluminium: US considering 200% tariff on Russian metal
The United States is considering raising the tariff on imports of Russian-made aluminium to 200% in an attempt to increase pressure on Moscow over the war in Ukraine, but the decision has not yet been made. The Russian metal has been targeted by the US after being...