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Copper: prices rise on Peru’s difficulties, dollar weakness and China’s hopes
Copper prices in London rose on concern over mine supply in Peru amid low inventories of the metal, hopes for stimulus from major consumer China, and a weakening dollar. Three-month copper on the London Metal Exchange reached the target predicted by Commodity...
Alumina: Alcoa notifies its customers of force majeure framework
Global aluminum giant Alcoa has notified its alumina customers of a force majeure event, given the impact of reduced natural gas supply to its operations in Western Australia. Alcoa said on Jan. 9 that its Kwinana alumina refinery in Western Australia had reduced...
Copper: Las Bambas stops work due to safety concerns
According to local media reports, MMG Ltd's Las Bambas copper mines have halted operations due to unrest at another nearby mine site. The decision to stop work at the mine Friday was made by the company to keep workers safe from violence as roads have been blocked and...
Steel: Metinvest confirms interest in Hungarian slab and coil producer Dunaferr
Ukrainian mining and steel company Metinvest has some interest in Dunaferr, an integrated Hungarian producer of steel slabs and coils that recently went into receivership, a Metinvest spokesman confirmed on January 12. Metinvest may be the only steel company in Europe...