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Aluminium: US brewing industry asks Biden to lift tariffs
Executives from four major beer suppliers in the US have sent a letter to President Joe Biden calling for an end to the 10% tariff on aluminium imported from many metal-producing countries, arguing that the tariff has cost the domestic brewing industry billions of...
Copper: price hits lowest since November 2020 on concerns over economic slowdown
Copper prices fell on Tuesday as aggressive interest rates, a surge in covid 19 cases in China, potential recession and rising inventories weighed on investor sentiment. In today's session, copper recorded a low at $7,290/mt, its lowest value since November 2020....
Copper: According to satellite data, global copper smelting decreased in June
Worldwide copper smelting activity declined in June, due to a shutdown in Chile, the largest producer, satellite surveillance data from metal processing plants show. Chilean state-owned Codelco, the world's largest copper producer, said on 8 June that it had shut down...
Aluminium: Japanese buyers agree to pay a third quarter premium of $148/mt
The premium for aluminium shipments to Japanese buyers for the July-September period was set at $148/tonne, down 14% from the previous quarter, reflecting weak demand for cars amid a global chip shortage. The figure is lower than the $172 per tonne paid in the...