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Copper: Aurubis maintains profitability in Q1 of fiscal year
Hamburg-based non-ferrous metals producer Aurubis AG has announced an operating profit before tax (EBT) of €111m ($119.5m) for the first quarter of fiscal year 2023-2024, which runs from 1 October 2023 to 31 January 2024. The quarterly EBT figure was down 11 per cent...
Steel: the outlook for the long products market has still not improved
According to the latest report published by IREPAS, the global association of long products producers and exporters, the outlook for the global long products market continues to remain unfavourable, with weak demand, low profit margins and geopolitical issues not...
Scrap market in Italy raises concerns for February
Assofermet, the Italian association of scrap, raw material and steel distributors, reported a mixed picture for the Italian scrap market in January. While prices increased at the beginning of the month and purchases by producers accelerated, towards the end of the...
Copper: Codelco expects production to recover by 2024
Production at mines owned by Chile's financially troubled copper miner Codelco fell to 1.325 million tonnes in 2023, the company's chief executive said on Tuesday, promising a slight recovery in the coming year. Codelco's production has fallen to its lowest level in a...