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Weak Demand, Import Pressure Depress European HRC Market
The European hot rolled coil (HRC) market continued to show a decidedly pessimistic tone on Thursday, June 19. Further dampening activity was very subdued domestic demand, compounded by pressure from imported material offers. According to several market sources,...
EU Parliament and Council reach provisional agreement on CBAM simplification
The Council of the European Union and the European Parliament negotiators have reached a provisional agreement on the simplification of the Carbon Border Adjustment Mechanism (CBAM). The agreement, announced on Wednesday 18 June, represents an important step towards...
JX Nippon Considers Cutting Primary Copper Production Due to TC/RCs Crisis
Japanese group JX Nippon Mining & Metals Corp is considering a reduction in primary copper production at its refining plant, in response to the collapse in profitability that is hitting the metallurgical sector hard. The decision is linked to the current critical...
China Battery Recycling Market Steady But Tense: Purchases Suspended, Margins Fall
The Chinese battery recycling market remained largely stable during the week ending Thursday, June 19, but under pressure from weak purchasing activity and increasingly compressed refining margins, especially for lithium. Many Chinese companies active in the...