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Hrc steel: EU producers approve discounts for demand problems
Some German steel mills prepared for substantial discounts on 14 June, while the Italian HRC market is down. Northern European HRC fell to EUR 900/mt ex-works as well as HRC quoted in Italy at EUR 850/mt ex-works. Bids below 900 euro/tonne were heard during the day,...
Copper: Antofagasta has disclosed the resources of its Encierro deposit in Chile
Antofagasta today announced initial resources from the Encierro deposit and updated resources from the Cachorro deposit in Chile. According to a press release, from 2016 to 2021, diamond drilling completed by the company identified a major deposit at the Encierro...
Iron ore: Rio Tinto begins deliveries from Gudai-Darri mine
Rio Tinto said Wednesday it has begun deliveries of iron ore from its Gudai-Darri mine in Western Australia in a bid to increase overall production volumes. he capital cost of the mine, which is expected to have a life of more than 40 years, is estimated at $3.1...
Aluminum: metal extends losses as recession outlook weighs on demand
Aluminum prices accentuated losses Tuesday as investors fear that new closures in major consumer China and a potential global recession could reduce demand for the metal. The most-traded July aluminum contract in Shanghai closed daytime trading down 1 percent at...