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Anglo American and Teck Resources: A Merger That Won’t Solve the Global Copper Shortage
The merger announced on September 9 between Anglo American and Teck Resources will create a copper giant with a combined production of approximately 1.2 million tonnes annually, expected to grow to 1.35 million tonnes by 2027. The new entity, called Anglo Teck, will...
Zinc Premiums Steady in Europe and the United States Amid Weak Demand and Declining Inventories
The European zinc market experienced a seemingly calm week, with premiums remaining unchanged as of September 9th. According to weekly assessments by Commodity Evolution, the premium for SHG min. 99.995% zinc ingot, DP FCA Rotterdam, and DP FCA Antwerp stood at...
SHFE: Mixed Prices for Base Metals, Lead the Largest Decline
During morning trading on the Shanghai Futures Exchange (SHFE) on Wednesday, September 10, base metal prices showed a mixed trend, with lead recording the largest decline. At 10:30 a.m. Shanghai time, the prices of the most traded contracts (including 13% VAT)...
Freeport Halts Grasberg Operations: Second Shutdown for a Global Top 10 Copper Producer
On September 9, Freeport-McMoRan suspended operations at the Grasberg complex, the world's second-largest copper mine, marking the second significant disruption in a matter of weeks among major global producers following the accident at Codelco's Chilean El Teniente...