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Steel: inventories exceed 10 million tons in 8 weeks
Producers' inventories stood at 4.36 million tons, up 2.7% from the previous week. Rebar producers' inventories stood at 1.91 million tons, up 7% from the previous week, and wire rod at 0.61 million tons, up 3.7% globally. Hot-rolled and heavy plate sales decreased...
Zinc: Mitsui Mining raises contract prices as shortages continue
Mitsui Mining & Smelting Co. is raising zinc prices in annual contracts by at least 35% this year for the Japanese company's customers in Asia as supply tightens and freight rates rise. Limited availability of cargo ships is a big contributor to the increase. The...
Tin: Fragile supply chain sent tin to new highs
Three-month tin on the London Metal Exchange hit its high on Jan. 21 at $44,200 per tonne, before flexing earlier this week. Tin is experiencing metal scarcity, having been in the grip of a prolonged supply chain crisis since the onset of the coronavirus. The...
Copper: Cochilco keeps 2022 price forecast unchanged
The Chilean Copper Commission (Cochilco) on Thursday kept its projection for copper prices in 2022 unchanged as prices trend moderately lower after last year's surge. For this and next year, it expects the start of a moderate downward cycle in the average annual price...