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Iron ore: price rebounds on hopes of demand recovery
The price of iron ore rose Thursday on expectations of a recovery in Chinese demand after the Beijing 2022 Olympics next month. China's top steelmaker is expected to maintain production restrictions to ensure clean air during the games. The most-traded contract for...
Nickel: a weak first half is expected
According to Fitch Solutions, refined nickel prices are expected to weaken in the first half of 2022 expected to average $17,000/tonne this year, compared to $18,400/tonne in 2021. Prices have already fallen from the multi-year highs reached during October and...
Copper: Chilean November production down
According to the Chilean Copper Commission, Chile's total copper production in November fell 0.6% year-on-year to 481,800 tons, due to declines at state-owned Codelco and the giant Escondida mine. Codelco's production saw a 7.4% drop in November compared to the same...
Scrap steel 2021: China used 230 million tons
According to estimates by Feng Helin, vice president of the Scrap Metal Utilization Association (CAMU), Chinese steel mills consumed 230 million tons of steel scrap this year. According to Feng, in the January-November period, steel scrap consumption in all steel...