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Commodity Insight – Copper
As written in the January 26th post, copper prices could have broken down through the support at $7800 and they did. UpDate - After reaching the highs of 2012 in the $8237/mt area, copper prices have started a downward spiral, included in a descending channel that may...
Short-term outlook for Chinese steel products
Rebar and wire rod prices may decline further from February 1-5, mainly due to weakening demand as, for example, many construction sites have suspended operations to allow workers to return home earlier than usual to avoid crowds ahead of the Chinese New Year holiday....
Asian scrap imports slow, prices fall further
Prices of imported scrap continued to fall in February. Prices are likely to stabilise after Chinese New Year (16-26 February). However, limited trade is occurring at lower levels. Prices of imported scrap in Vietnam fell further towards the end of last week. New...
Chile’s mining production index falls in December
Chile's National Institute of Statistics (INE in Spanish) reported that the country's mining production index (IPMin) fell by 9.3% in December 2020 when compared to December 2019. According to the INE, the decline is a consequence of reduced activity in all three...