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Copper: prices up but demand outlook weighs on sentiment
Copper prices are rising today , but poor demand prospects, particularly in China, the main consumer, expectations of further U.S. interest rate hikes, a strengthening dollar and rising inventories have weighed on sentiment. Copper inventories in LME warehouses, at...
Zinc: the third closure of a European smelter aggravates the situation
Europe's energy crisis is taking its toll on the region's industrial capacity, with another zinc smelter undergoing maintenance. Glencore is reducing production at its Nordenham, Germany, plant, citing "various external factors affecting the business and European...
Chile permanently closes mining areas linked to giant sinkhole
Chile's Minister of Mines announced Friday the permanent closure of mining camps directly connected to a giant sinkhole that appeared in July in the northern part of the country. Mines Minister Marcela Hernando made the announcement after meeting with members of labor...
Ban imposed on Russian mining giants could shake up metals world
A possible ban on Russian supplies by the London Metal Exchange would be a seismic event for the metals industry, cutting off some of the world's largest companies from the main global market. The exchange has not yet made a decision, but on Thursday it began a...