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Iron ore: price rises on hopes of increased steel production
Iron ore prices extended a rebound from an 18-month low on bets that stronger-than-expected steel production cuts so far this year will support a return to volume growth at Chinese steel mills in December. Benchmark 62% iron ore imported into northern China stood at...
Copper: double bottom with next possible rebounds
After the highs of October 18, 2021 at 10450 $/mt, London-listed copper prices generated a 10.87% decline, returning towards the one-month lows at 9314 $/mt. On November 18 the quotations start to record new recoveries, with 4 consecutive positive sessions, including...
Zinc: Glencore’s possible maintenance plans fuel supply risks
Shanghai zinc prices strengthened Tuesday, hitting their highest levels in nearly three weeks, on global supply concerns after commodities company Glencore announced plans to put its zinc sulfide operations in Italy under maintenance. Glencore reported that the...
Aluminium: SHFE/LME price ratio increases in October
Chinese customs data reported an 8% month-on-month decline in the country's aluminum extrusion exports in October 2021. According to the data, exports stood at 74,400 tons in the said month, which also reflects a 4% year-on-year decline. The decline in exports could...