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Aluminium: rumours of further EU sanctions on Russia drive up the price
Aluminium prices hit their highest levels in more than a week as traders priced in the risk of a global supply shortage following news of potential EU sanctions against Russia, one of the world's largest producers. Three-month aluminium on the London Metal Exchange...
Copper: China sees TC/RC cost down in Q1 due to tighter supply
The treatment and refining (TC/RC) cost of pure copper concentrates in China is expected to see a downward trend in the first quarter of 2024, due to supply tightening that has led to stronger demand for high impurity concentrates from Chinese smelters. Supplies of...
Copper: Aurubis intends to terminate management contract after scam
Aurubis is preparing to terminate the contract of its CEO and two other board members, as the copper producer seeks to extricate itself from a giant commodities scam. The company's supervisory board is in advanced negotiations with CEO Roland Harings, CFO Rainer...
Steel: Red Sea crisis spares Germany
The German steel industry has not yet been significantly affected by the interruption of shipping in the Red Sea caused by Houthi and pirate attacks on ships trying to access the Suez Canal. Many ships have chosen to take the longer route around the Cape of Good Hope,...