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Industrial metals: markets positive on Chinese intention to ease COVID-19 restrictions
After years, China plans to ease its COVID-19 restrictions somewhat. This includes a reduction in the mandatory quarantine period, which has caused a myriad of problems for the country's economy. As one of the world's largest producers and consumers of metals and...
Nickel: Nornickel studies alternatives to supply Finnish plant in case of shipment blockage
Nornickel is considering alternative options for supplying products to its Finnish Norilsk Nickel Harjavalta plant in case rail shipments between Russia and Finland are suspended. Finnish rail operator VR Group has informed Russian shippers of its decision to phase...
Primary aluminum: metal in deficit by 822 thousand tons in the first 9 months of 2022
The report on metal balances from January to September 2022 indicates that the primary aluminum market ended with a deficit of 822 thousand tons. This follows a deficit of about 1.6 mln tons recorded for the entire previous year. Global aluminum production in the...
Copper: BHP declares strike at Escondida mine “unjustifiable”
Mining giant BHP said Wednesday that the strike announced by unionized workers at Chile's Escondida copper mine for Nov. 21-23 was based on false allegations. A union at the mine, the world's largest for copper production, said the workers were concerned about their...