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Aluminum: prices down after new US rate hike
Aluminum supply continues to shrink thanks to smelter closures caused by continuing energy shortages. Aluminum prices fell again after the Fed's latest three-quarter-point rate hike. In the short term, aluminum prices remain in a downward trend. Earlier this week,...
Zinc: global market recorded a deficit of 72,800 tons in July
The global zinc market moved to a deficit of 72,800 tons in July from a surplus of 34,600 tons in the previous month, according to data from the International Lead and Zinc Study Group (ILZSG). Previously, the ILZSG reported a deficit of 1,400 tons in June. In the...
Copper: Rio Tinto confirms final bid for Oyu Tolgoi mine
Rio Tinto Plc CEO Jakob Stausholm has clarified that his bid to take over the company behind one of the world's largest copper mines is final. Speaking during an interview at Bloomberg News headquarters in New York, Stausholm reported that the world's second-largest...
Primary aluminum: budget ended in deficit through July
The report on metals balances from January to July 2022, published by the World Bureau of Metal Statistics (WBMS), indicates that the primary aluminum market recorded a deficit of 916 kt. This follows a deficit of 1,558 kt recorded for the entire previous year. Global...