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Copper: biggest weekly loss since September
LME copper headed for its biggest weekly loss since September on concerns about demand from major consumer China and a flat US dollar. Three-month copper on the London Metal Exchange settled at $8,203/mt, down 0.28% (11:10am Italy time) from the previous day's close...
Iron ore: prices have started a sharp correction phase
After opening the year at levels even higher than last year's high of close to $144/mt CFR China, iron ore prices have entered a sharp correction phase since the end of January. Compared to the peak at the beginning of the month, the price of iron ore with an iron...
Steel: Brazilian government increases duties on rebar and tube imports
Brazil's Ministry of Development, Industry, Trade and Services announced on 8 February a change in import tariffs for five product groups in the steel sector, including rebar and pipes, with a 10% increase from the current tariff of 10.8%. The decision partly meets...
Copper: Anglo American increases production by 24%
Global miner Anglo American reported a 24% increase in copper production last year to 826,000 metric tonnes, down from the previously forecast 830,000-870,000 tonnes. The company left its copper production forecast for 2024 at 730,000-790,000 tonnes. Market...