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HRC steel: European mills push to raise prices but demand barriers persist
Prices for hot rolled coil (HRC) in the European market are still at the mercy of low demand with mills trying to resist bearish sentiment. Uncertainty about the market price has been exacerbated by the lack of obvious transactional activity. Buyers agree, continuing...
Aluminum: Glencore will rely on Rusal’s product in 2023
Glencore will buy aluminum from Rusal next year under its contract with the Russian producer, and so far only about 10 percent of its current customer base is turning elsewhere. Calls for Rusal's aluminum to be banned from the London Metal Exchange (LME) system by...
Chile is close to a decision to increase royalties on mines
Chile is close to reaching a consensus on the size of a royalty increase in the mining sector, Mining Minister Marcela Hernando said Tuesday, a decision that could have a significant impact on mining majors such as BHP and Antofagasta. The government's goal is to get...
Aluminum: major traders bet on a price rise
Aluminum traders are making bold bets in the options market to position themselves for a price surge later this year as the metals world weighs the possibility of restrictions on Russian supplies. The London Metal Exchange is formally discussing the possibility of...