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Aluminium: Yunnan smelters resume operations with the aim of increasing capacity by 500,000 tonnes
Aluminium smelters in the southwestern Chinese province of Yunnan are restarting their factories thanks to the increased availability of electricity. This development is expected to lead to the restoration of about 500,000 tonnes of annual production. In November,...
HRC steel: no trade with stable prices
Hot rolled coil (HRC) prices in Europe remained unchanged, with little trading due to sluggish downstream demand and buyers' pessimistic expectations. On Thursday, trading remained limited in the European market, despite the fact that prices have fallen significantly...
Copper: supply crunch shakes metal prices
As already anticipated in previous articles the trigger for the price break-out is the news that Chinese copper smelters have decided to limit production in response to a much tighter than expected commodity market. Processing fees, the fees smelters receive for...
Steel: Biden opposes takeover of US Steel by Nippon
It is "vital" that US Steel remains a nationally owned and operated company, US President Joe Biden said in a statement on 14 March, signalling that the proposed sale of the company to Japan's Nippon Steel could face opposition from the White House. US Steel and...