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Primary aluminum: metal in deficit by 822 thousand tons in the first 9 months of 2022
The report on metal balances from January to September 2022 indicates that the primary aluminum market ended with a deficit of 822 thousand tons. This follows a deficit of about 1.6 mln tons recorded for the entire previous year. Global aluminum production in the...
Copper: BHP declares strike at Escondida mine “unjustifiable”
Mining giant BHP said Wednesday that the strike announced by unionized workers at Chile's Escondida copper mine for Nov. 21-23 was based on false allegations. A union at the mine, the world's largest for copper production, said the workers were concerned about their...
Lithium: soaring prices boost Chilean SQM’s profits tenfold
Chilean mining company SQM, the world's second-largest producer of lithium, reported a tenfold increase in third-quarter net profits on Wednesday, thanks to soaring prices and record sales of the metal, a key component of rechargeable batteries. The miner reported net...
Nickel: from +40% in just two weeks to -15% in one day. High volatility
The London Metal Exchange said Wednesday that it is conducting closer monitoring of nickel trading after prices fell as much as 12 percent under volatile and illiquid conditions. The drop came after a meteoric run in the metal used to make stainless steel, which...