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Crude steel: German production fell by 3.6% in January-September
According to data released by the German steel federation Wirtschaftsvereinigung Stahl (WV Stahl), German crude steel production increased by 2.1% year-on-year to 2.9 million tonnes in September this year. In January-September this year, the country's crude steel...
Aluminium: Hydro reported a larger-than-expected drop in Q3 profit
Aluminium producer Hydro reported a larger-than-expected drop in third-quarter profit on Tuesday, saying markets are difficult and uncertain at the moment. As a result, Hydro has reduced some volumes in its recycling business and Extrusions unit, which produces...
Aluminium: demand in China is supported by growth in the green sector
The Chinese aluminium market has shown some resilience this year, with prices on the Shanghai Futures Exchange (SHFE) up more than 1 per cent, in contrast to global trends that have seen a drop of more than 8 per cent on the London Metal Exchange (LME). The strength...
Copper: Panama’s president gives final approval to Cobre Panama mine contract
Panama's president on Friday gave final approval to a law authorising a new long-term contract for a major copper mine (Cobre Panama), following lengthy negotiations that will ultimately provide the state's coffers with more revenue from the project. The contract...