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Zinc: new squeeze on London metal market as spreads on metal soar
The London Metal Exchange is experiencing a new supply crunch as plunging zinc stocks leave buyers facing a huge premium to get the metal spot. The premium for spot zinc over futures rose on Thursday to the highest level since 1997, in a condition known as...
UK government proposes to extend safeguard measures on steel imports
The UK government, based on a recommendation from the Secretary of State for International Trade, has proposed to extend tariffs and quotas on 15 categories of steel products for another two years to support domestic steel production. The decision, which is expected...
Stainless steel: European demand for long products to rise to 1.2 million tonnes in 2022
According to Mr Emilio Giacomazzi, commercial director of Italy-based Cogne Acciai Speciali, the European stainless steel market is expected to return to pre-COVID levels with around 1.2 million tonnes of finished long products this year, up from 1.05 million tonnes...
Copper: Codelco workers agree to break strike
Workers at Codelco, the world's largest copper producer, have agreed to end a nationwide strike in Chile that has slowed operations, the state-owned mining company and unions said in a joint statement on 23 June. Some 50,000 employees and contractors went on strike...