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LME appoints a new technology manager to strengthen the competence of the core technology project
The London Metal Exchange (LME), which faces long delays in revamping its trading technology, said on Thursday it had appointed Alistair Baldwin, chief information officer at NatWest Markets, as the LME's new chief technology officer. His three-year project to...
Copper: Rio Tinto and Codelco collaborate to find more metal in Chile
Mining giant Rio Tinto and Chilean state miner Codelco on Wednesday created the joint venture Nuevo Cobre (New Copper) to explore and potentially develop operations in the country's northern Atacama region. The agreement, signed in Tokyo by Rio Tinto CEO Jakob...
Ferrous scrap: Assofemet’s October note
The national ferrous scrap market overall stable and demand low. Demand from steel mills differed from region to region depending on production, which also differed from one mill to another. Quotations remained stable overall, as demand and supply were in line. The...
HRC steel: UK suspends anti-dumping duties from Iran and Russia
The United Kingdom (UK) government announced that it has suspended anti-dumping duties on unalloyed hot-rolled coil (HRC) or other alloys imported from Iran and Russia until the relevant import quota is exceeded. However, as the anti-dumping duties for Russian-based...