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Cobalt: plummeting Chinese demand and rising supplies
Forward negotiations for cobalt 2023 have taken a challenging turn for sellers following a severe drop in Chinese demand, which has put pressure on prices and left the market well-supplied ahead of next year's expected surplus. This, after 2022 was supposed to be a...
Nickel: Indonesia export ban and domestic processing requirements violate WTO rules
The World Trade Organization has determined that Indonesia's export ban and domestic processing requirements for nickel ore violate WTO rules, according to a report released Nov. 30. The WTO's dispute settlement body set up a panel in February 2021 to examine whether...
Copper: Las Bambas mine resumes production
MMG Ltd has resumed copper production at its Las Bambas mine in Peru after a protest was lifted, adding, however, that transportation of the metal to the port is still blocked due to an additional protest. Earlier this month, Las Bambas had reduced its operations to...
Aluminum: prices react with supply deficit outweighing concerns over Chinese demand
Aluminum prices rebounded Tuesday as falling inventories outweighed demand concerns triggered by rare protests in several Chinese cities against tight COVID-19 restrictions. Three-month aluminum on the London Metal Exchange is up 0.77 percent at $2,390/mt at 09:45...