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Aluminum: inventories in warehouses hit record low
Stocks of readily available aluminum in London Metal Exchange warehouses fell to an all-time low, the latest evidence of the growing tension in the global metals market between tight supplies and the increasingly bleak outlook for industrial demand. Metal that had not...
Copper: Bhp targets to expand in Chile
According to BHP Group CEO Mike Henry, the company is intent on expanding operations in Chile, the world's top copper producer, under the "right conditions." The Andean nation's mining sector faces uncertainty over the drafting of a new constitution, which could lead...
Ferrous scrap: falling prices for French and Belgian product
French and Belgian domestic scrap prices fell by 100 euro/mt in new May contracts. Southern and eastern European countries saw similar declines of between 70 and 100 euro/mt. While the availability of automotive grades has improved in France, demand remains strong for...
Hot-rolled coils: decline in Italian product continues
Italian hot rolled coil prices continue to fall amid a market stalemate that may continue in the coming days. This is in line with declines in international flat and long steel prices, along with declining raw material values. Against the backdrop of recession fears...