Loading
Copper: prices hit 14-month highs thanks to optimism in China and limited supply prospects
Copper prices rose to 14-month highs in Asian trade on Thursday, buoyed by rising optimism about China, the top importer, as potential production cuts by the country's largest refiners presented a tighter outlook for supplies. Three-month copper futures on the London...
Chinese steel bar producers ask authorities to limit production in the wake of falling prices
Fifteen of China's leading steel bar producers have unanimously asked the authorities to take measures to restrict steel bar production to support prices. Fifteen of China's major steel bar producers unanimously asked the authorities to take measures to restrict steel...
Steel: Severstal shuts down blast furnace No. 5 for renovation work
Russian steel producer Severstal announced that it has taken blast furnace No. 5 at its Cherepovets plant out of service due to extensive repair and refurbishment work. The blast furnace, which has an annual pig iron production capacity of 4.2 million tonnes, is the...
Chilean Codelco reports a drop in profits in 2023 due to declining production
Chilean copper giant Codelco reported gross profits of $3.12 billion for 2023, down 34 per cent year-on-year, after the state-owned company faced operational and production challenges. Codelco, the world's leading copper miner, reported production of 1.325 million...