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European Aluminium, Energy Costs Put Smelters Under Pressure: CBAM Alone Is Not Enough
The competitiveness problem facing European aluminium does not begin at the customs border, but at the electricity meter of its smelters. At the FT Metals and Mining Summit in London, industry representatives brought attention back to an industrial reality that is...
Congolese Copper, Project Vault Receives First 12,000 Tonnes: The United States Strengthens Strategic Stocks
The first 12,000 tonnes of copper from the Democratic Republic of the Congo have entered the US Project Vault programme, the strategic reserve intended to protect American industry from interruptions in critical raw material supply. T he delivery announced by Mercuria...
UK Secondary Aluminium, LM24 Prices Fall While LM6/LM25 Hold Firm: Costs Limit Further Declines
The UK secondary aluminium market is moving at two different speeds: while LM24 ingots for pressure diecasting are retreating under pressure from cheaper continental alternatives, higher-grade LM6 and LM25 alloys continue to defend their established levels. The fall...
Copper In Chile, Escondida Avoids Strike: Three-Year Deal With BHP, But Supply Remains Under Pressure
The risk of a strike at the world's largest copper mine has been averted, but the international copper concentrate market cannot yet lower its guard. At Escondida, in northern Chile, BHP has concluded a new collective agreement with the supervisors' union, securing...