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HRC steel: ArcelorMittal aims for higher prices
ArcelorMittal announced that it will raise material selling prices across Europe starting Thursday. The price of Northwest European hot-rolled coils rose on December 15 to 639 euro/mt, up 1.19 percent from the previous day's close. Despite this, market participants...
Copper: Panamanian government orders suspension of operations at Cobre Panama mine
Panama's government on Thursday ordered Canada's First Quantum Minerals to suspend operations at its flagship copper mine in the country after missing a deadline to finalize an agreement that would have increased payments to the government from the mine. The...
Nickel: British court waiting to examine evidence on LME crisis
Hedge fund AQR Capital Management and four other parties will ask the British court today to force the London Metal Exchange (LME) to release documents related to the decision-making process that led the LME to suspend nickel trading in March. AQR and others filed a...
Aluminum: producer Norsk Hydro will increase investment and cut other costs
Aluminum producer Norsk Hydro will cut more costs and increase capital expenditures next year, while distributing a smaller portion of its profits as a dividend as it grapples with rising inflation. On the positive side, Hydro has predicted a boom in demand for...