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EU Steel, Brussels Redraws Import Quotas: Cuts, 50% Tariffs And A New Geography Of Flows
The European Commission announced on Tuesday June 30 the new country-specific quota allocations under the new steel import regime, just one day before the planned entry into force on July 1. The decision ended months of uncertainty for producers, traders, importers...
Zinc, New Supply Is Coming But TCs Remain At Historic Lows
Rosh Pinah Zinc and Appian Capital Advisory announced on Monday June 29 the commissioning of a new semi-autogenous grinding mill, or SAG mill, at the Rosh Pinah operation in Namibia, completing the final major processing component of the RP2.0 expansion project. The...
Copper, Antofagasta And Chinese Smelters Move To Indexed TC/RCs: The Traditional Benchmark Loses Ground
The copper concentrate market is entering a new negotiating phase. Chilean miner Antofagasta and some Chinese smelters are understood to have reached an agreement to price mid-year contractual supplies on the basis of spot treatment and refining charge indices, the...
Aluminium Premiums In Europe Slightly Higher, But The Market Remains Cautious
European aluminium premiums recorded a slight increase in the week ended Tuesday June 30, supported by liquidity reported at higher levels and by some difficulties in finding prompt material or material with particular specifications. However, the improvement in...