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Aluminium: Rio Tinto cuts Kitimat production by 65%
Rio Tinto reported Monday that it planned to cut production at its BC Works aluminum smelter in Kitimat, Canada, to 35 percent following a strike initiated by Canadian union Unifor after negotiations broke down. Unifor reported Sunday that about 900 workers began...
Steel: world production up in June on an annual basis
Global crude steel production for the 64 countries reporting to the World Steel Association stood at 167.9 million tons (Mt) in June 2021, an increase of 11.6% over June 2020 but down 3.73% from May (167.9 Mt). Steel production by geographical area Africa produced 1.5...
Caustic soda prices rise in response to chlorine plant downtime
The caustic soda market is tight due to scheduled and unscheduled production plant shutdowns that have occurred in recent months. As a result, prices have increased and are poised to increase further. The caustic soda (NaOH) market in Western Europe has shown signs of...
Silver: bullish formation in progress
The precious metal, industrial par excellence shows a bullish conformation, both on a weekly and monthly basis. The formation of a pennant, which identifies a moment of slowdown of the trend in place is then destined to resume its run. The prices are currently...