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Steel: Slovenian steelmaker SIJ resumes production of flat products
Slovenian steelmaker Slovenian Steel Group (SIJ) has announced the restart of the hot rolling mill at the plant of its subsidiary SIJ Acroni. As previously reported, in July this year the main engine of the rolling mill was severely damaged and operations were...
Cobalt: bearish outlook in Q4 due to slowdown in EV sales growth
The global cobalt sulfate market has a bearish outlook for the fourth quarter of 2023, after weaker-than-expected downstream demand from the consumer electronics and electric vehicle sectors led to a decline in prices in the third quarter. Typically, the third quarter...
Copper: Chinese demand supports price but rising stockpiles limit gains
Copper prices are in reaction Monday, supported by demand from China, the world's top consumer, but rising inventories and the U.S. dollar have limited gains. Three-month copper on the London Metal Exchange is rebounding 0.6 percent to $7,984/mt as of 09:52 a.m. U.S....
Stainless steel: producers seek orders as nickel prices hit two-year lows
Nickel prices remained decidedly bearish throughout October, recording the largest monthly decline among base metals. In fact, prices fell more than 7 percent, reaching the lowest level since October 2021. After data from the World Stainless Association showed a 0.9...