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Copper: by mid-December MMG will close Las Bambas mine operations
Chinese company MMG will end copper production from its Las Bambas mine in Peru by mid-December, following roadblocks that have prevented essential supplies from reaching the operation for months. The company, a unit of state-owned China Minmetals, reported that...
Scrap: Japanese prices fall to a new low
Japanese scrap export prices continued to fall and reached a two-month low. Meanwhile, no major deals have been reported from major buying countries such as Vietnam and South Korea. South Korean steelmaker Hyundai Steel recently reduced bids for Japanese ferrous scrap...
Steel: chinese stocks fall further
In the latest week, China's total inventories of the five main finished steel products (reinforcing bar, wire rod, hot-rolled coil, cold-rolled coil, and medium plate) hit a 10-month low, falling another 3.9% or 623,800 tons weekly to 15.2 million tons. Of these,...
Tin: big trouble for high tech, solar and automotive sectors
Tin prices have nearly doubled from a year ago and are on course for their biggest annual increase in more than 30 years, hitting big users such as electronics companies, utilities, solar panel makers and appliance manufacturers. For automotive manufacturers, which...