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Aluminium: Russian association warns that falling prices and sanctions could damage the industry
The Russian Aluminium Association has warned the domestic industry of the negative effects of Western sanctions, tariffs and falling prices. Global aluminium prices have fallen to their lowest level since March 2021, while the US and EU have almost banned Russian...
Copper: price flexes on dollar strength ahead of Fed decision
Copper prices fell on Wednesday as the dollar strengthened ahead of the US Federal Reserve's interest rate decision later in the day. Three-month copper on the London Metal Exchange was down 0.55 per cent at $8,296 per tonne as of 09:43 Italy time while the most...
Iron ore: China’s change of interest and the future of supply in Australia
The expected slowdown in absorption by China and a world that is increasingly turning towards 'green' iron ore and steel will be two crucial factors affecting the future of iron ore production. This is particularly true for Australia, one of the world's largest...
Steel: production in China in 2023 to grow despite real estate problems
Chinese steel production is expected to increase for the first year in three in 2023, as weakness in the domestic real estate sector will be offset by strong vehicle production and rising exports. According to official data, China, which produces about 55 per cent of...