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Copper: prices rise above $9,000/mt thanks to China’s reopening
Copper rose above $9,000 a ton for the first time since June, fueled by optimism that China's reopening will spur demand in the world's top consumer. The key industrial metal rebounded after a 14 percent drop in 2022 as severe coronavirus restrictions hampered China's...
Aluminum: Slovakia’s only producer closes its doors after 70 years in business
Slovakia's only aluminum producer will close its smelters after 70 years of production. Slovalco, based in the central Slovak town of Žiar nad Hronom, says that after decades of production it can no longer afford to run its last ten remaining furnaces. Without the...
Nickel: LME will decide on reforms on the metal by the end of the first quarter
The London Metal Exchange (LME) said Tuesday that by the end of the first quarter it will determine how to implement the recommendations of an independent report on last year's nickel crisis. Months after the turmoil exposed weaknesses in the LME's oversight, the...
Aluminum: sharp rebound in prices. New chances for recovery
After 5 weeks of continuous declines and having approached key medium-term support (200-week moving average) last week, aluminum pieces triggered a decisive rebound, favoring a close on yesterday's day of more than 5 percent. Earlier this year, China increased tariffs...