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Metal scrap: Japanese prices rise to new highs
In Japan's Kanto Tetsugen scrap export tender for April 2022, 10,000 tonnes of scrap was awarded at an average price of $534/tonne FAS for H2 material. Meanwhile, currency depreciation and low material availability continue to push up Japanese scrap bids. Market...
Steel: China’s EAF capacity utilisation remains stable
The capacity utilisation rate of China's largest independent EAF (electric-arc-furnace) steelmakers remained broadly stable last week at 57% as of 7 April, down slightly by 0.36% from the previous week, as some EAF mills had no choice but to control production to...
Cobalt: multi-year agreement between Glencore and General Motors
Glencore has signed a multi-year agreement with General Motors to supply the carmaker with cobalt from its Murrin Murrin operation in Australia. The US automaker has committed to all-electric vehicles by the end of the decade, setting a goal of having 30 new EVs,...
Copper: Barrick bets on Pakistan with $7 billion project
Barrick Gold Corp.'s first attempt to build a copper mine in Pakistan was thwarted when the government denied permits. A decade later, the company is trying again, with a much bolder plan. The Toronto-based company laid out plans Tuesday to develop the giant Reko Diq...