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Nickel: turbulence continues to haunt LME months after market disaster
With the memory of the nickel market crash in March still fresh, the industry did not need a reminder of how dysfunctional the London Metal Exchange (LME) nickel contract has become; but last month it got it again. Months after the turmoil exposed weaknesses in the...
Copper: price drops on strengthening dollar and poor global demand outlook
Copper is down today from six-month highs recorded Friday, Dec. 9, at $8,592/mt, due to the strengthening U.S. dollar ahead of interest rate decisions by central banks later in the week, while fears of a global recession and poor demand for metals further weighed on...
Aluminum: Hydro acquires German extrusion company Hueck
Norway's Norsk Hydro ASA has agreed to acquire Lüdenscheid, Germany-based Hueck, a manufacturer of recycled-content aluminum window, door and facade systems and extruded aluminum profiles. Hueck, which has 500 employees, two extrusion presses and an integrated casting...
Copper: Anglo American cuts production outlook for 2023
Anglo American Plc on Friday cut its copper production outlook for 2023, due to lower grades at its Chilean mines, and also reduced its higher production target for 2022. The London-listed miner now expects its copper mines to produce between 840,000 and 930,000 tons...