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Nickel: prices falling with weak demand for stainless steel
According to French mining group Eramet, nickel and ferronickel prices are seen declining in the second half of the year, despite expected favorable seasonality. The market will be affected by strong negative external economic factors. Nickel prices on the London...
Zinc: Glencore’s warning on smelters boosts price
Zinc prices on the London Metal Exchange (LME) jumped to six-week highs last week after Glencore warned of continued margin compression at its European smelters. The commodity company has suspended part of its Portovesme, Italy, smelter at the end of 2021 due to high...
Copper: prices are helped by improving macro data
Copper rose to one-month highs Tuesday on the back of an improved demand outlook due to stronger-than-expected data from the United States and China, the main consumer, and a falling dollar. Benchmark copper on the London Metal Exchange is trading at 10:07 a.m. GMT+2...
Nickel: Bindura Nickel Corporation’s production drops 24 percent
Bindura Nickel Corporation's (BNC) nickel production for April-June 2022 was 24% lower than the same period last year, mainly due to low-grade ore processed. In addition, the tons of ore mined in the quarter increased by 13 percent compared to the same period, due to...