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Raw materials: more than 100 container ships diverted from the Suez Canal to avoid Houthi attacks
More than 100 container ships have been diverted to southern Africa to avoid the Suez Canal, reflecting the disruption of global trade caused by Houthi rebels' attacks on ships on Yemen's west coast. Shipping company Kuehne and Nagel said it has identified 103 ships...
Nickel: prices fall due to reduced consumption and rising stocks
LME nickel prices are falling, under pressure from low consumption and rising production and inventories on the exchange. Three-month nickel on the London Metal Exchange is down 0.42% at $11,695/mt (09:06 Italian time). The most-traded January nickel contract on the...
Turkey becomes a net importer for the first time since 2015
At a press conference held by the Steel Exporters Association, the situation of Turkey's steel industry in 2023 was assessed and targets and expectations for 2024 were shared. In the first 11 months of the year, Turkey's steel exports decreased by 28.8 per cent...
Copper: the market will remain strong in 2024: Aurubis’ word
A strong copper market, with solid demand for copper products, is expected to continue in 2024, the CEO of Aurubis AG, Europe's largest copper producer, said on Wednesday. Demand is expected to pick up thanks to the switch to renewable energy, Roland Harings said...