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Nickel: prices fall back due to increased downside risk
Nickel prices continued to rise throughout December. In January, however, prices started to show declines that could become the beginning of a short-term sideways trend. Until prices break out of the new range, the direction of the market will remain unclear. However,...
Nickel: violence during protest in Indonesia
Two workers were killed during clashes and unrest at an Indonesian nickel smelter over the weekend, after violence erupted during a protest by a group of workers demanding better wages and safety. One Indonesian and one Chinese worker were killed during unrest at the...
Copper: prices rise on Peru’s difficulties, dollar weakness and China’s hopes
Copper prices in London rose on concern over mine supply in Peru amid low inventories of the metal, hopes for stimulus from major consumer China, and a weakening dollar. Three-month copper on the London Metal Exchange reached the target predicted by Commodity...
Copper: Las Bambas stops work due to safety concerns
According to local media reports, MMG Ltd's Las Bambas copper mines have halted operations due to unrest at another nearby mine site. The decision to stop work at the mine Friday was made by the company to keep workers safe from violence as roads have been blocked and...