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Copper: Codelco proposes 2023 European premiums at record levels
Chile's Codelco, the world's largest copper mine, is proposing to sell copper to European buyers at a record premium of about $235/ton for 2023, up sharply from 2022. The premiums set by state-owned Codelco for physical delivery of copper, paid on top of the London...
Zinc: producer Nexa expects high prices due to closure of European smelters
South American zinc and copper producer Nexa Resources SA expects limited supplies of zinc metals globally due to the closure of smelters in Europe as energy prices skyrocket. Ignacio Rosado, CEO of Nexa, said before a meeting with investors at the New York Stock...
Copper: JPMorgan sells more than 30,000 tons of metal booked by Maike Group
JPMorgan Chase & Co last month sold more than 30,000 tons of refined copper booked by the cash-strapped Maike Group that had been stuck in warehouses. The domestic sale, accounting for 10 percent of China's monthly refined copper imports, eased pressure on tight...
Aluminum: Alcoa pushes for Russian embargo
Aluminum producer Alcoa Inc has asked the White House to ban aluminum imports from Russia in the wake of Russia's latest military strikes against Ukraine. Moscow's attacks on Kiev and other cities earlier this week triggered the possibility of a retaliatory blockade...