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Copper: funds sell the metal as the technical picture deteriorates
Fund managers are taking an increasingly bearish view of copper's short-term prospects as the price is testing the lower end of its annual trading range. Three-month copper on the London Metal Exchange (LME) broke through the $8,000 per tonne level this week for the...
Scrap and cast iron: Assofermet’s market note
ITALIAN FERROUS SCRAP Stability is perhaps the right term to describe the September market. The flow of scrap to steel mills was good and fairly regular, with several differences between mills based on very different production requirements. Unfortunately, despite...
Nickel: market lows due to Indonesian oversupply
The nickel market has entered a period of surplus due to an Indonesian-driven increase in supply. Forecasts still indicate a supply shortage due to increased demand for batteries and other applications related to the energy transition, but the current surplus is...
Copper: Barrick Gold to invest nearly $2 billion in Zambia mine to increase production
Barrick Gold said on Wednesday it will invest nearly $2bn as part of a project to increase copper production at its Lumwana mine in Zambia. The expansion is part of the company's plans to extend the life of the mine to 2060. Zambia is Africa's second largest copper...