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Copper: Glencore proposes loans to secure production at Mopani mine in Zambia
Glencore Plc and Zambia's state mining company could jointly lend $200 million to Mopani Copper Mines to help cover operating costs. Glencore, which owns Mopani until March 2021, is willing to lend up to $100 million as a short-term cash injection to Zambia's Mopani...
Aluminum: prices down after new US rate hike
Aluminum supply continues to shrink thanks to smelter closures caused by continuing energy shortages. Aluminum prices fell again after the Fed's latest three-quarter-point rate hike. In the short term, aluminum prices remain in a downward trend. Earlier this week,...
Steel production: the Uk market will reach an all-time low this year
According to the International Steel Statistics Bureau,UK steel industry production will reach an all-time low this year, the lowest since World War II, and it is difficult to say whether there will be a recovery in 2023. Production is set to fall below 7 million tons...
Zinc: global market recorded a deficit of 72,800 tons in July
The global zinc market moved to a deficit of 72,800 tons in July from a surplus of 34,600 tons in the previous month, according to data from the International Lead and Zinc Study Group (ILZSG). Previously, the ILZSG reported a deficit of 1,400 tons in June. In the...