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Copper: in January-September 2022, the market closed in deficit
The global copper market posted a deficit of 736 thousand tons in the first nine months of this year. This follows a deficit of 285 thousand tons during the entire previous year. LME stocks of the metal increased by 48 thousand tons at the end of September this year,...
Aluminum: Alcoa pressures U.S. and LME to sanction Russian metal
William Oplinger, executive vice president and chief financial officer of Alcoa, told the Goldman Sachs Global Metals & Mining Conference that the energy crisis[world was caused by Russia's invasion of Ukraine. Western suppliers had to deal with the aluminum...
Aluminum: China’s ingot stocks drop by 29,000 tons on a weekly basis
According to the Shanghai Metals Market, primary aluminum inventories in China fell by 29,000 tons on a weekly basis in the eight major consumption areas. On Thursday, November 17, stocks stood at 547,000 tons, a further drop of 6,000 tons from the second Monday of...
Copper: Rio Tinto will go ahead with Turquoise bid after concluding talks with minority shareholders
Rio Tinto Ltd said Friday it plans to pursue a $3.3 billion bid to buy 49 percent of Canada's Turquoise Hill Resources, a stake it does not yet own, after concluding separate talks with disagreeing minority shareholders. The Anglo-Australian miner is seeking to...