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Alumina: price panic is a sign of future aluminum volatility
The Shanghai Futures Exchange (ShFE) price on alumina, which sits between bauxite and metal in the primary aluminum production chain, jumped 7 percent in the last two weeks of December, reaching a high on Jan. 3 at 405.5 euros/mt. The trigger for this surge was the...
Italian authorities and ArcelorMittal fail to reach agreement on the future of Acciaierie d’Italia
The future of Acciaierie d'Italia (ADI), formerly known as Ilva, remains uncertain, as the Italian government and ArcelorMittal failed on Monday to reach an agreement on the future injection of much-needed funds to the company. At a meeting on Monday, the local...
Iron ore: optimism on China stimulus supports prices
Iron ore prices have managed to stay above the key $100/mt threshold for most of the year. Prices are now at year-to-date highs, fuelled by strong demand and multi-year low inventory levels in China. Over the past two months, the Chinese government has adopted a...
Slight decline in Italy’s inflation rate in December 2023, marked by energy and services
Italian inflation declined only marginally in December. The momentum in the energy sector persists and the impact of the discontinuation of the favourable administrative measures is expected to become apparent soon, bringing overall inflation slightly above the 2%...