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Scrap: Turkish market import still shows weakness
The world's largest scrap importer, Turkey, witnessed a continued market decline after seeing fewer transactions at lower prices earlier this week. Imported scrap prices remained under pressure as a Baltic-origin cargo containing HMS 1&2 (80:20) was booked at...
Zinc: European zinc smelters’ power problems drive up prices
When Nyrstar reported in October that it was cutting production by up to 50% at its European smelters in the face of spiraling energy prices, zinc on the London Metal Exchange (LME) rose to a 14-year high of $3,944 per tonne. However, the rally proved short-lived;...
Aluminum: China intensifies overseas hunt for ore
China's aluminum industry, the world's largest, is becoming increasingly dependent on foreign supplies of the ore needed to produce the metal, another sign of the nation's chronic dependence on raw material imports. The aluminum used in everything from airplanes to...
Copper: talks stalled to unlock corridor used by Las Bambas of MMG in Peru
Peruvian government officials failed to broker a deal Tuesday to unblock a key distribution corridor used by MMG Ltd's Las Bambas copper mine. The dirt road from the Chinese-owned mine to a seaport has been blocked for 18 days by residents of Chumbivilcas province....