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Copper: price extends rally thanks to China’s factory activity boosting optimism
Copper headed for its biggest monthly rally in more than two years, extending gains above $10,000 a ton, with new data on Chinese factories bolstering hopes that economic recovery in the world's most metal-consuming nation can be sustained. The metal surged 15 percent...
BHP is considering a better proposal for Anglo American after rejection of offer
BHP Group is considering submitting a better offer for Anglo American after its initial proposal of $39 billion was rejected by the London-listed group. BHP is discussing a revised offer for Anglo American to be submitted in the coming weeks. Discussions are ongoing...
China’s aggressive exports hurt the market, demand in the EU will not recover before the second half
Murat Cebecioğlu, president of IREPAS, the global association of long steel producers and exporters, opened the 90th IREPAS meeting, which took place in Berlin from April 28-30. At the meeting attended by some 450 participants, including 105 representatives of 41...
Aluminium: GCC producers seek to increase exports following US ban on Russian metals
Gulf Cooperation Council (GCC) aluminium producers are expected to increase exports to US and European markets after the US and UK banned trading of Russian aluminium, copper and nickel on global metal exchanges and banned their import into the US. The GCC region is a...