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Copper: prices recovering slightly – Lunar New Year break dampens trading
Copper prices on the LME rose on Monday, buoyed by prospects for economic recovery in China, the main consumer, and the weakening dollar, although trading remained subdued due to the closure of the Chinese market for the Lunar New Year holiday. Currently, three-month...
Aluminum and alumina: China records increased trade with Russia
According to Jan. 20 customs data, China's imports of primary aluminum from Russia increased for the sixth consecutive month in December 2022, while alumina exports also rose sharply. China's primary aluminum imports decreased by 65.8 percent year-on-year to 540,409...
Copper: unrest in Peru threatens to block almost 2% of global supply
Protests in Peru threaten to block access to nearly $4 billion of copper, just as China is pulling out of the Covid blockade and promising to increase demand. Peru's third largest copper mine, Las Bambas, has not shipped copper concentrate since 3 January due to...
Zinc: LME stocks fall to lowest since 1989
London Metal Exchange zinc stocks fell to their lowest level in more than three decades, but rising inventories and tepid demand from China, the metal's main consumer, are helping to dampen fears of a potential shortage. The closure of some European zinc smelters this...