Loading
Pressure on Stainless Steel Prices in Late July and Early August
The Italian stainless steel flat market experienced a period of downward pressure between late July and early August due to two concurrent factors. On the one hand, demand remained weak, with few large orders and intense competition among suppliers to secure them; on...
Oxygen Supply Issues Shut Down PT Smelting and Divert Part of Grasberg Concentrates to the Spot Market
Some copper concentrate cargoes from Grasberg are now being diverted to the spot market due to oxygen supply issues that have halted operations at PT Smelting in Indonesia. According to Commodity Evolution sources, the issue stems from a failure at supplier PT Linde,...
Aluminz Launches Zero-Landfill Aluminum Recycling Plant Project in the United States
US aluminum recycling company Aluminz has announced plans to open an innovative, zero-landfill tolling facility in Mount Pleasant, Texas, by 2027. The facility will process customer-supplied metal into secondary aluminum, CEO Richard Mayenknecht told Commodity...
Codelco Seeks Approval for Partial Resumption of Operations at El Teniente
Chilean state-owned giant Codelco is working with national authorities to obtain authorization to restart some areas of its largest copper mine, El Teniente, following last week's serious accident that killed six workers and injured nine others. According to sources...