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Copper: Panama approves contract amendment with First Quantum
Panama's Council of Ministers on Tuesday approved an amended version of the government's contract with a local subsidiary of Canadian mining company First Quantum, after protracted negotiations over regulations related to the open pit copper mine operated by the...
Steel: EU buyers use safeguard quotas faster than third quarter
In the first two weeks of the fourth quarter, EU safeguard quotas for steel imports were used at a faster pace on average than in the first two weeks of the third quarter. According to the latest report published by EUROMETAL, 29 percent of all quotas for flat carbon...
Aluminum: Rusal’s Asian revenue share grows to 33% in H1
Rusal boosted sales in China and other Asian countries, whose revenue share rose to 33% by mid-2023, from 23% in 2022. Rusal's revenue in China nearly doubled to $1.1 billion, and the company became the world's largest aluminum exporter to the country. Rusal is...
Steel: prolonged Palestinian turmoil could impact prices and supply chain
The renewed conflict between Israel and Hamas in Palestine has begun to ring alarm bells in supply chains for oil, steel and various metals. In fact, if prolonged, the conflict could adversely affect the prices of steel and many other commodities. Already under...