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Copper: Chile risks losing its position as the largest producer
Chile's status as the world's largest copper producer is at risk as the country's production continues to be lower than expected, despite billions of dollars invested in new projects over the past 18 years. Chile's January copper production spooked investors as it...
Copper: prices rise on restricted supply
Copper prices rose on Thursday on expectations that the COVID-19 battle in China, the main metal consumer, will have a minimal impact on demand. Three-month copper on the London Metal Exchange hit a high on Thursday at $10,372/ton before closing at $10,335/ton. The...
Aluminium: tariffs cost US beverage industry $1.4 billion
According to the Beer Institute, the US domestic beverage industry has paid more than $1.4 billion in tariffs on aluminium since they were implemented in 2018, which has subsequently inflated prices for producers and consumers. For Jim McGreevy, CEO of the Beer...
Aluminium: Alcoa ready to restart Alumar smelter in Brazil
Alcoa has fueled the first 20 smelting tanks at its Alumar aluminium smelter in Sao Luis, Brazil, to begin operational restart of the plant. Alumar's production is expected to reach its full capacity of 447,000 mt/year by the end of the year. The Pittsburgh-based...