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Nickel: surplus situation pushes weekly prices to worst level in a month
LME nickel prices reversed course to recover early losses on Friday, but headed for the biggest weekly decline in a month, pressured by a surplus in the global market. Three-month nickel on the London Metal Exchange was up 1.47 per cent at $18,270/mt (11:13 a.m....
Cobalt: global oversupply has the potential to extend until 2024
Global battery metals markets are expected to experience an oversupply of cobalt raw materials in 2024, with China remaining the largest player in cobalt refining. Global cobalt raw material production is expected to reach 238,000 tonnes in 2024, up 7%-8% from...
Stainless steel: global production down 1.7% in the first half of this year
According to preliminary data released by the International Stainless Steel Forum (ISSF), global crude stainless steel production rose 7.8% quarter-on-quarter to 14.76 million tonnes in the second quarter of this year, while it fell 1.7% year-on-year to 28.4 million...
Copper: Codelco workers warn against job cuts without excluding new strikes
According to the head of the Federation of Copper Workers (FTC), Codelco workers are not ruling out a strike if the state-owned copper company implements job cuts to counter the slump in production, which has reached its lowest point in a quarter of a century. In an...