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Steel and metals: recyclers call for early elimination of EU ETS free allocations for producers
The European Recycling Industry Confederation EuRIC, a strong supporter of the circular economy, urged ahead of a European meeting on Nov. 22 that free allocation under the European Union's Emissions Trading Scheme be eliminated as soon as possible so as not to...
Copper: runaway bulls set to amplify losses as demand slows
Rising inventories, due to slowing demand and increased supply at mines, are set to hit copper prices in the coming months, with speculators cutting their bets on rising prices for the metal used for energy and construction. Demand optimism, sparked by the easing of...
Steel: rising volumes and prices boost Vallourec’s third-quarter earnings
French steel piping manufacturer Vallourec reported a 55 percent increase in quarterly core profit, thanks to increased volumes, prices, and strong performance in the pipe business. Vallourec's third-quarter earnings before interest, taxes, depreciation and...
Aluminum: Rusal increases 2023 sales after LME decision
Russian aluminum producer Rusal said Saturday that its sales for 2023 have increased after the London Metal Exchange (LME) decided not to ban trading and storage of the Russian metal in its system. The exchange, the world's oldest and largest industrial metals market,...