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Copper: prices ready to extend towards $8,250/mt-8,300/mt
Copper prices are on an upward trend despite weak Chinese industrial data, as investors reduced their positions amid uncertainty. Three-month copper on the London Metal Exchange (LME) was up 0.68 per cent at $8,161/mt (09:00 Italian time), after posting its third...
Primary aluminium: production reduction in Yunnan to start due to dry season
Aluminium smelters in the southwestern province of Yunnan, China, have started to cut production in view of the coming dry season. Smelters have begun the process of reducing production by a total of 1.5 million tonnes of capacity. The Yunnan smelters are following...
Zinc: Nyrstar says it is suspending operations at two US mines
Nyrstar said it will temporarily close two zinc mines in the US state of Tennessee at the end of November due to weak prices and the impact of inflation. Dutch company Nyrstar, majority owned by trading and logistics company Trafigura, said in a statement that it will...
Mining sector: wide gap between ambition and reality on energy transition
Western mining companies face two fundamental challenges in trying to produce enough metals to enable the energy transition and, at the same time, to build alternative supply chains to reduce their dependence on China. The problem is that there is a big gap between...