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Aluminium: Australia bans alumina exports to Russia
Australia has imposed an immediate ban on exports of alumina and aluminium ores, including bauxite, to Russia. Russia relies on Australia for almost 20% of its alumina needs. The move will limit Russia's ability to produce aluminium, which is a critical export for...
Steel: POSCO raises prices for Q2 sales of HRC and wire rod
POSCO has begun offering hot-rolled coils (HRC) and wire rod for Q2 (April-June 2022) sales in Japan, with a price increase of JPY10,000/tonne (t) ($84/t). Meanwhile, cold rolled coils (CRC) have not yet been offered, but a similar price increase is expected. Another...
Nickel: price falls 12%. Another difficult start for trade in London
Nickel fell by the maximum allowed for the third day in another messy opening for trade in London as the price continues its retreat from an unprecedented short squeeze. Nickel fell 12 per cent to the daily limit of $36,915 a tonne, although at least three trades...
Copper: Escondida mine union threatens strike
The union representing workers at BHP's Escondida copper mine in Chile, the world's largest copper mine, on Thursday threatened a strike over what it believes are violations of its collective agreement. Escondida Union 1 has requested an urgent meeting with company...