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Steel: Chinese blast furnace capacity at 2-year low
From Nov. 5 to Nov. 11, the blast furnace (BF) capacity utilization rate of most Chinese steel mills fell to 75.72%, standing at a two-year low since the first week of October 2019, following the fourth week of decline by another 0.71%, as Chinese steel mills...
Northvolt produces fully recycled battery cells
Swedish battery manufacturer Northvolt has announced that it has produced its first battery cell with 100% recycled nickel, manganese and cobalt at its Northvolt laboratories in the central city of Västerås. According to the company, the inputs for the NMC cathode...
Ferrous and non-ferrous scrap: the European Commission is ready to impose a general ban on exports
The European Commission is poised to impose a blanket ban on ferrous and non-ferrous scrap exports, and an announcement to that effect is expected on November 17, 21. The commission is revising its regulations on scrap shipments from 2020 in an effort to ensure that...
Copper: backwardation scares off Codelco’s Chinese customers
Codelco's Chinese customers are reluctant to sign copper supply agreements in 2022 at the highest premium in seven years because of strong backwardation in the copper market. Backwardation is a structure in which prices for immediate delivery (cash) are higher than...