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HRC steel: European spread narrows to three-year low
The spread between hot-rolled steel (HRC) coil and raw material prices in Europe narrowed to the lowest in three years in September, as rebounding iron ore, coking coal and ferrous scrap costs hit a weak regional steel market and affected operating margins. The spot...
Lithium: falling prices signal concern over China’s demand outlook
Lithium prices are falling toward their lowest level in two years due to concerns about the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries. Lithium carbonate prices in China fell to 166,500 yuan ($22,814) per ton last...
Copper: Codelco reaches early agreement with union at Radomiro Tomic mine
Chilean state-owned mining group Codelco said Monday it has reached an early collective agreement with the supervisors' union at its Radomiro Tomic mine, which accounts for more than a fifth of its copper production. The company said in a statement that the agreement,...
Precious metals: prices lose momentum after the Fed announced its intention to keep interest rates high
In recent weeks, before the end of the month, indices such as the S&P500 and metals such as silver and gold started to lose momentum. The impetus for falling stock and precious metal prices came from the Fed's recent comments on raising interest rates in the near...