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Indonesia and Freeport will finalise investment and mining permits by the end of November
President Joko Widodo said discussions between Indonesia and US miner Freeport McMoran on the government's plan to increase its stake in its Indonesian unit and the extension of its mining permit should be finalised by the end of November. According to a statement...
Copper: prices supported on lower-than-expected US inflation
Copper prices are reacting on the back of new financing to stimulate the Chinese real estate market while the dollar has weakened on a lower than expected US inflation figure. This is driving interest rates and the US currency, affecting demand for dollar-priced...
Crude steel: production in China fell by 3.7 % year-on-year
In October this year, China's production of pig iron, crude steel and finished steel amounted to 69.19 million tonnes, 79.09 million tonnes and 113.71 million tonnes, respectively, down 2.8%, down 1.8% and up 3.0% year-on-year and down 3.3%, 3.7% and 3.5%...
Ferrous scrap: Brazil’s exports on the rise
Brazil exported 617,900 tonnes of ferrous scrap in the first ten months of 2023, up 102% year-on-year. Scrap exports in October alone amounted to 77,400 tonnes, up 281% year-on-year. The average price of ferrous scrap from Brazil in October was $354/mt FOB, up from...