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Gold: prices surpass one-week highs on dollar weakness effect
Gold prices rose to a more than one-week high Monday, boosted by a softer U.S. dollar and some demand for safe-haven assets following protests in several Chinese cities over the country's strict limits on COVID-19. Spot gold rose 0.48 percent to $1,759 an ounce (53.98...
Copper: Freeport sets higher charges with Chinese smelters
Mining company Freeport-McMoRan has agreed with Chinese smelters on treatment and refining (TC/RC) charges of $88 per ton and 8.8 cents per pound for the supply of copper concentrate in 2023. The fees, paid by miners to smelters to process ore into refined metal, are...
Steel: German sales and stocks down year-on-year in October
Sales of steel products in Germany in October fell 14 percent year-on-year to a 10-month low of 743,703 tons, while inventories also declined. The decline coincided with a weak year-end outlook for the steel market due to expectations of a drop in German GDP in the...
Steel scrap: Tangshan will become China’s largest recycling base
According to the five-year plan (2021-2025) for China's circular economy, Tangshan city, the main steel production base in North China's Hebei province, will also become the country's largest steel scrap recycling base, according to an implementation plan released by...