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Iron ore: price rises despite Chinese holidays
Iron ore prices continued to rise on Monday. Despite the Chinese holiday and ongoing closures, markets remain optimistic about future government support. On the Singapore Exchange, May 62% Fe futures settled up $2.41/tonne at $163.75/tonne, while the same contract for...
Zinc: falling stocks push zinc prices to four-week highs
Zinc prices rose to their highest in four weeks as a rapid decline in the amount of metal available in the London Metal Exchange's warehouse system added to fears of supply shortages. In the morning, zinc was trading around $4,336/mt (9:24 a.m. CET). The metal used to...
Coal: US prices exceed $100 tonne for the first time since 2008
Coal prices in the US have surpassed $100 a tonne for the first time in 13 years, as Russia's war in Ukraine disrupts international energy markets and an economic rebound from the pandemic drives up demand for fossil fuels. Central Appalachia coal prices rose 9% to...
Steel: Nippon Steel buys majority shares in two Thai producers
Japan's Nippon Steel Corp has completed the acquisition of majority stakes in two electric arc furnace steel producers in Thailand, paying around $477m in total. The company, Japan's largest steel producer, had said in January that it would buy Thai steelmakers G...