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Nickel: price falls 12%. Another difficult start for trade in London
Nickel fell by the maximum allowed for the third day in another messy opening for trade in London as the price continues its retreat from an unprecedented short squeeze. Nickel fell 12 per cent to the daily limit of $36,915 a tonne, although at least three trades...
Copper: Escondida mine union threatens strike
The union representing workers at BHP's Escondida copper mine in Chile, the world's largest copper mine, on Thursday threatened a strike over what it believes are violations of its collective agreement. Escondida Union 1 has requested an urgent meeting with company...
Nickel: false opening for trading on Lme exchange
On March 16, 2022 LME reopened the nickel market at 9 am Italy. When the market opened, the uncrossing algorithm discovered an opening price of $45,590 (which was the lower limit of the daily price, i.e. 5% below the prices published in Notice 22/067). The LME...
Hrc steel: Chinese production falls to 3-month lows
In the first week of March, total hot-rolled coil (HRC) production of China's 37 major steel producers hit a 3-month low at 2.95 million tons, mainly because some steel mills in northern China were subject to production restrictions during the Winter Paralympics on...