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Chile Bets On Smelting: The New Axis Between Codelco And Glencore
Chile is relaunching its industrial ambition in the copper sector with a project set to reshape the balance of the global value chain. Codelco, the state-owned giant and the world’s largest copper producer, is accelerating plans to expand domestic smelting capacity...
Alumina Between Stability In Australia And Weakness In China
The global alumina market is showing two contrasting dynamics: on one side relative stability in Western Australia, on the other a clear weakening in the Chinese market. This divergence reflects different structural conditions between the two regions, influenced by...
Copper Smelters Supported By By-Products In A Distorted Market
The copper smelting sector is going through an unprecedented phase, where smelter margins are increasingly linked to revenues from by-products. In a context characterized by deeply negative TC/RCs and tight concentrate supply, elements such as sulfuric acid, gold and...
SHFE Base Metals Rise Amid Geopolitical Tensions and a Weak Dollar
Base metals markets on the Shanghai Futures Exchange opened the day with a predominantly positive outlook, supported by a combination of macroeconomic and geopolitical factors. The international environment, marked by the deterioration of relations between the United...