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Mining Stocks at Risk of Loss: The Impact of US Duties on Sector Valuations
Shares of major mining companies could suffer significant depreciation, with a loss of up to 20 per cent in their value, if US duties are imposed after the November 2024 presidential election. This is the worrying scenario outlined by JPMorgan Chase & Co., who...
Copper Production in Chile: Codelco Growing, Mixed Results for Other Major Producers
In August, Chile's mining sector showed mixed signals on copper production, with Codelco, Chile's state-owned mining company, leading the way in significant growth, while other major players in the sector reported mixed results. According to reports on Thursday from...
Aluminium Market: Russian Stocks Decline and Indian Stocks Rise in the LME in September 2024
According to data released on 10 October 2024 by the London Metal Exchange (LME), Russian-origin aluminium stocks in LME-approved warehouses declined slightly in September, down from 67 per cent in August to 66 per cent. At the same time, Indian-origin aluminium...
Acerinox Stops Production at Its Los Barrios Plant: A Hit to Stainless Steel Production in Spain
Acerinox, Spain's largest stainless steel producer, has announced the suspension of production at its 1-million-ton-per-year plant located in Los Barrios, Cadiz, effective Oct. 12. The decision comes following a temporary layoff agreement, known as ERTE in Spain,...