Loading
Nickel: false opening for trading on Lme exchange
On March 16, 2022 LME reopened the nickel market at 9 am Italy. When the market opened, the uncrossing algorithm discovered an opening price of $45,590 (which was the lower limit of the daily price, i.e. 5% below the prices published in Notice 22/067). The LME...
Hrc steel: Chinese production falls to 3-month lows
In the first week of March, total hot-rolled coil (HRC) production of China's 37 major steel producers hit a 3-month low at 2.95 million tons, mainly because some steel mills in northern China were subject to production restrictions during the Winter Paralympics on...
Iron ore: price falls as covid outbreaks in China weaken growth prospects
The price of iron ore fell Tuesday due to a rise in covid-19 infections in the world's largest steel producer and metals consumer, fueling concerns about the country's economic growth prospects. China's covid-19 outbreak will undoubtedly have an impact on domestic...
Copper: blockage in place at Southern Copper’s Cuajone mine in Peru
Operations at Southern Copper's Cuajone mine in Peru have been suspended for 15 days as locals continue to block the company's access to a water tank and other key supplies. The blockade began on February 28, when Southern Copper made the decision to replace a...