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Aluminum and nickel: possible LME ban ignites price rebound
Aluminum and nickel jumped today, with buying triggered by the possibility that the London Metal Exchange (LME) will ban the new Russian metal from the list of brands that can be delivered against the exchange's contracts. Benchmark aluminum rose more than 8.5 percent...
Aluminum: falling demand prompts Hydro to partially reduce production at Karmøy plant
Falling demand for aluminum billets in Europe, due to adverse European economic conditions and rising energy prices, has prompted the Norwegian aluminum smelter to partially reduce aluminum production at Hydro Karmøy and Hydro Husnes. The move will result in a...
Copper: major Chinese smelters raise processing price to four-year highs
China's major copper smelters set the minimum price of copper concentrate treatment and refining tariffs (TCs/RCs) for the fourth quarter at $93/ton and 9.3 cents/lb, respectively, the highest level in four years. The increase in TCs/RCs indicates that local markets...
Metals: supercycle remains intact thanks to energy transition demand
According to Benedikt Sobotka, CEO of Eurasian Resources Group, the metals markets remain fundamentally in the "supercycle" identified in recent years despite the current global economic slowdown and falling prices, with demand for a wide range of metals continuing to...