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Copper: Codelco sees lower production and more shutdowns in 2023
Chilean state mining company Codelco on Friday cut its copper production forecast for 2023 and said it expects more production stoppages in the second half of the year, following months of declines. The company expects annual production to be between 1.31 million...
Rusal evaluates restart of aluminium smelter in Nigeria
Russian aluminium producer Rusal and the Nigerian government are discussing the possible restart of the Alscon smelter in Nigeria, which was suspended as loss-making 10 years ago. Alscon produced 22,000 tonnes of aluminium in 2012, 11% of its annual production...
Aluminium: three Japanese deals reported for Q3 premium as delays continue to lengthen
On 28 July, Western producer sources reported three Japanese agreements on the third quarter aluminium premium. One deal was reported by a Western producer source for a shipment of more than 1,000 tonnes per month in the July-September period and was concluded at...
Aluminium: industry groups urge LME to resist calls to ban Russian product
Five European industry associations have called on the London Metal Exchange (LME) to ignore calls to ban Russian aluminium from its system, they said in a joint statement on Friday, adding that such a move would hurt small metal users in Europe. Norwegian producer...