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The Shanghai Metal Market will remain closed for holidays
The Chinese Metal Market (Shanghai Metal Market - SMM) will be closed for the Dragon Boat Festival holidays from June 25 to 27. Daily price data for the stock exchange will resume on June 29, 2020. You are unauthorized to view this...
Chinese steel giant eyes Simandou
Chinese steel company Baowu is at the head of a group of steelmakers seeking to develop the massive Simandou iron mine in Guinea, taking over from Aluminum Corp. of China (Chalco) as it seeks to secure supply of the raw material, Caixin Global reported Tuesday. The...
Future of copper production thrown into doubt by worker cuts
When the pandemic hit and mines around the world shut, those in Chile figured out a way to keep churning out copper for Chinese factories. They kept non-essential staff at home and introduced longer schedules for streamlined crews of 60-70% of normal levels. The...
US to re-impose tariffs on Canadian aluminum imports
The Trump administration is set to re-impose tariffs on aluminum imports from Canada next week, a move that is likely to cause a political uproar and an economic fallout for the maple leaf country. If Canada declines to impose export restrictions, Bloomberg reported,...