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Aluminium: Squarepoint Capital acquires Russian material for USD 100 million
Squarepoint Capital LLP, a hedge fund, has purchased over $100m of predominantly Russian aluminium from the London Metal Exchange (LME). The acquisition took place with the metal stored in warehouses in South Korea. The hedge fund requested the delivery of 50,000...
Metinvest expects Ukraine’s reconstruction to require 3.5 million tonnes of steel
Tetyana Skrypka, head of the construction projects department of Metinvest-SMC, the sales unit of the Ukrainian mining and steel group Metinvest, estimates that around 3.5 mln tonnes of steel will be needed to restore Ukraine's housing and social infrastructure once...
Steel: Slovenian steelmaker SIJ resumes production of flat products
Slovenian steelmaker Slovenian Steel Group (SIJ) has announced the restart of the hot rolling mill at the plant of its subsidiary SIJ Acroni. As previously reported, in July this year the main engine of the rolling mill was severely damaged and operations were...
Cobalt: bearish outlook in Q4 due to slowdown in EV sales growth
The global cobalt sulfate market has a bearish outlook for the fourth quarter of 2023, after weaker-than-expected downstream demand from the consumer electronics and electric vehicle sectors led to a decline in prices in the third quarter. Typically, the third quarter...