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Copper: new highs for over 6 months thanks to China’s reopening of borders
London copper jumped to more than six-month highs, while most other base metals also rose thanks to a brighter demand outlook after major consumer China reopened its borders. Three-month copper on the London Metal Exchange is up 1.56 percent at $8,743/mt (09:32...
Copper: prices rebound on news of Chinese investments spurring short covering
Copper prices rebounded Thursday to break a four-session losing streak, as bearish speculators reversed their positions after news of new investments in China, the leading metals consumer. Benchmark copper futures on the London Metal Exchange gained 1.64 percent to...
Aluminum: Alba sets a production record of 1.6 million tons in 2022
Aluminium Bahrain B.S.C. (Alba) set a new production record ended 2022 on a positive note, setting a new production record for primary aluminum. In 2022, Alba's smelters produced 1,600,111 tons of primary aluminum. Last year's total exceeded the 2021 total of...
Primary aluminum: European market faces an uncertain start 2023
Mixed prospects and cautious optimism characterize this year's European primary aluminum market, following 12 months marked by overbooking and volatile supply, which resulted in a more cautious tone and altered buying habits. Since then, the market has been on a...