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Zinc: Nyrstar’s Auby smelter resumes production at reduced rate
Auby's Nyrstar zinc operations in northern France will resume production at reduced capacity in the coming weeks after being placed on "care and maintenance" status in January in response to high energy prices. Production cuts in Europe, supply concerns and shortages...
Steel: European prices reach new record high on prospect of Russian ban
European steel prices have hit a new record as Brussels prepares to ban imports from Russia as part of further sanctions, threatening to further reduce supply. Reference prices for hot rolled coil in Northern Europe (HRC Europe) jumped 10% to $1,545/mt. Rebar prices...
The trade in imported scrap has not yet recovered from the divergence between supply and demand
The global ferrous scrap rally slowed towards the end of last week after prices fell in Turkey. Vietnam and other Southeast Asian countries are struggling to keep up with high offers from global suppliers. In addition, the discrepancy between bids and offers has kept...
Copper and gold: Barrick restarts Reko Diq project
Barrick Gold has ended a long-standing dispute with Pakistan and will now begin developing one of the world's largest gold and copper mining projects. The Reko Diq project in southwest Pakistan, which hosts one of the world's largest undeveloped copper and gold...