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Steel: recent Chinese EAFs account for more than 50% of new production capacity
China's giant steel industry is going through a crucial consolidation phase. In November 21, 18 steel capacity replacement plans were published, involving nearly 20 million tons of steel production capacity and over 21 million tons of iron production capacity. The...
Steel: the new year will bring a new tax for Russian producers
Russian mining and steel companies are looking forward to the new year to end the 15% duty on steel exports, but the benefits will be curtailed by a blow from a new tax system, designed by the Russian government to tap deeper into metal companies' earnings when market...
Copper: the left-wing wins the Chilean elections
All shares of major copper producers fell after leftist candidate Gabriel Boric was elected president of Chile on Sunday, raising concerns about higher costs and slower development in the world's top producer. Boric won by a wider-than-expected margin, giving him a...
Aluminum: prices drop after recent rises
The price of aluminum gave up its recent gains after rising to its highest in more than six weeks last week after official data from China showed that the country's production of alumina as a raw material fell 4.5% in November, to its lowest in 18 months. The price of...