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Chile is close to a decision to increase royalties on mines
Chile is close to reaching a consensus on the size of a royalty increase in the mining sector, Mining Minister Marcela Hernando said Tuesday, a decision that could have a significant impact on mining majors such as BHP and Antofagasta. The government's goal is to get...
Aluminum: major traders bet on a price rise
Aluminum traders are making bold bets in the options market to position themselves for a price surge later this year as the metals world weighs the possibility of restrictions on Russian supplies. The London Metal Exchange is formally discussing the possibility of...
Iron ore: price stability in the past two months
Despite concerns about the Chinese economy, iron ore remained relatively stable in September and October. This is noteworthy because, historically, these months represent one of China's peak demand periods. The price of iron ore continued to move between $94 and $101...
Steel billet : cheap Chinese deals set off alarm bells in Asian markets
Chinese steel markets have fallen over the past week due to choppy demand and weak real estate data, making Chinese-origin steel products more attractive to export markets. Futures on the Shanghai Futures Exchange fell again Tuesday for both hot-rolled coils and...