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Aluminum: Alcoa posts surprise loss as crisis on industry deepens
Alcoa Corp. has posted a surprising quarterly loss, signaling how things are getting worse for an aluminum producer that only last month warned investors it was being squeezed by rising costs and falling metal prices. The largest U.S. aluminum producer posted a $60...
Copper: in 2023 the market could have a surplus of 155,000 tons
According to the International Copper Study Group (ICSG), the global copper market is expected to register a deficit of about 325,000 tons this year and a surplus of 155,000 tons in 2023. Continued Covid-19-related restrictions, operational and geotechnical problems,...
Ferrous scrap: EU exporters reiterate their concerns
EU scrap recyclers have continued to voice their concerns about the consequences of potential restrictions on EU ferrous scrap exports proposed in the current process of revising the EU Waste Shipments Regulation (WSR). It appears that it will be very difficult to get...
Iron ore: prices falter on supply pressures and weakening demand
Singapore's benchmark iron ore prices fell Wednesday, while Dalian futures contracts remained near six-week lows, after BHP group BHP.AX reported an increase in quarterly production of the steelmaking ingredient, increasing supply-side pressures. BHP, the world's...