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Copper: Peru’s proposal to raise mining taxes risks $50 billion in investments
Peru's mining chamber on Monday criticized the government's proposal to raise taxes on the sector by at least 3 percentage points, saying it would put more than $50 billion in future investments by the world's second-largest copper producer at risk. Peru's Finance...
Nickel: the market is expected to remain stable for 2022
The nickel market rebounded strongly from its March/April lows as supply growth was weaker than expected while demand increased. Prices came out tentatively above US$20,000/tonne in 4Q21 as inventories continued to decline after the market unexpectedly slipped into...
Steel: Chinese stocks drop to 10-month low
From Dec. 3-9, total inventories of the five major steel products in commercial warehouses in China's 132 cities fell for the ninth consecutive week, hitting a 10-month low at 14.7 million tons, down 2.8% on a weekly basis. Inventories of rebar, wire rod, cold-rolled...
Scrap: Turkish market import still shows weakness
The world's largest scrap importer, Turkey, witnessed a continued market decline after seeing fewer transactions at lower prices earlier this week. Imported scrap prices remained under pressure as a Baltic-origin cargo containing HMS 1&2 (80:20) was booked at...