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Caustic soda: price down 19%
Since Oct. 14, 2022, China area caustic soda prices have fallen by about 19.60 percent from 192.4 euros/mt to the current 154.68 euros/mt as of Nov. 4, 2022. Supply has remained stable while most major producing companies have had relatively linear production but the...
HRC steel: Chinese steel mills’ production falls to one-month low
Total hot-rolled (HRC) production of major Chinese steel mills hit a monthly low of 3.08 million tons between Oct. 27 and Nov. 2, falling for the second week by another 36,300 tons, or 1.2 percent on a weekly basis. Meanwhile, the hot rolling capacity rate also fell...
Aluminum: South32 suspends Mozal smelter feed line after accident
According to a recent report, South32 has temporarily halted its aluminum production line at the Mozal smelter in Mozambique after an accident on Monday, November 7, left two people dead and one injured. The news came after South32 reported that: "Reduction operations...
Copper: Codelco proposes 33% price increase for Chinese buyers by 2023
Chile's Codelco, the world's largest copper mine, has proposed a premium of $140 per ton for 2023 supplies to at least two Chinese customers, an increase of 33.3 percent from this year. The proposed premium, up from $105 per ton this year, is paid on top of London...