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Nickel: Vale Canada and Sumitomo Metal sign agreement to sell 14% stake in Indonesian ore
Vale Base Metals said its Vale Canada unit and Japan's Sumitomo Metal Mining signed an initial agreement on Friday to sell a 14% stake in their Indonesian nickel mining unit to the state-owned Indonesian miner. Vale Canada and Sumitomo signed the heads of agreement to...
Aluminium: an Israeli drone attacks a plant in Lebanon
On Saturday, 18 November, Israel launched a drone that attacked an aluminium plant outside the market town of Nabatiyeh in southern Lebanon, causing widespread fire and damage, the National News Agency reported. The news agency stated that firefighters and ambulances...
Aluminium: growing trade in North America prompts associations to call for action on USMCA review
The aluminium association Instituto Mexicano del Aluminio (IMEDAL) and the Aluminium Association of Canada have written a letter to trade officials from Canada, Mexico and the United States calling for the continuation of tariff-free trade, increased monitoring of...
HRC steel: Upward trend in the European market is supported by improved apparent demand and reduced supply
On Thursday 16 November, short-term sentiment was cautiously optimistic in the European hot-rolled coil (HRC) markets, with price increases supported by replenishment activity, reduced supply and a lack of competitive import offers. In Northern Europe, in the week to...