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Tin: high volatility for prices in 2022
After an almost two-year bullish trend in the tin market, the price has taken a bearish turn. Fueled by the pandemic, the price of tin reached all-time highs. However, buyer exhaustion soon overtook the market, causing prices to fall. Like many other metals, tin...
Italian steel mills resume operations in October thanks to new energy decree
Many Italian steel mills are restarting production thanks to a small and gradual recovery in apparent demand and a decree, called "Aiuti ter," issued to help energy-intensive companies such as steel mills and large re-rollers. Some Italian steel mills with electric...
Aluminum and nickel: possible LME ban ignites price rebound
Aluminum and nickel jumped today, with buying triggered by the possibility that the London Metal Exchange (LME) will ban the new Russian metal from the list of brands that can be delivered against the exchange's contracts. Benchmark aluminum rose more than 8.5 percent...
Steel: Ascoval will reduce production due to high energy costs
Saarstahl Ascoval in Saint-Saulve, a French subsidiary of the SHS/Saarstahl Group, plans to cut production in half starting next month due to rising energy costs. The steel mill will shut down its electric arc furnaces for a few days a week over the next three months....