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Aluminum: China’s ingot stocks drop by 29,000 tons on a weekly basis
According to the Shanghai Metals Market, primary aluminum inventories in China fell by 29,000 tons on a weekly basis in the eight major consumption areas. On Thursday, November 17, stocks stood at 547,000 tons, a further drop of 6,000 tons from the second Monday of...
Copper: Rio Tinto will go ahead with Turquoise bid after concluding talks with minority shareholders
Rio Tinto Ltd said Friday it plans to pursue a $3.3 billion bid to buy 49 percent of Canada's Turquoise Hill Resources, a stake it does not yet own, after concluding separate talks with disagreeing minority shareholders. The Anglo-Australian miner is seeking to...
Electroplated chrome steel: EU sets final duties
The European Commission has confirmed definitive anti-dumping duties on imports of electrolytic chromium steel (ECCS) from China and Brazil. The Commission also confirmed the collection of provisional duties imposed since May this year. The investigation was initiated...
Industrial metals: markets positive on Chinese intention to ease COVID-19 restrictions
After years, China plans to ease its COVID-19 restrictions somewhat. This includes a reduction in the mandatory quarantine period, which has caused a myriad of problems for the country's economy. As one of the world's largest producers and consumers of metals and...