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MMG reports excellent results despite operational uncertainty
MMG expects to produce 305,000-315,000 tons of copper this year for the Las Bambas mine in Peru, while warning that "a high degree of operational uncertainty remains". MMG withdrew its 2020 production guide of 350,000-370,000 tons of copper concentrate for Las Bambas...
China’s new infrastructure plan to increase demand for metal
The acceleration of China's "new infrastructure" plan will support the government's ambition in the metals industry by increasing the production of high-end metals compared to primary metals. Although this is a long-term strategy as part of the Chinese government's...
Overview Market Close – October 26, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 27,685.38 -650.19 -2.29% S&P 500 INDEX 3,400.97 -64.42 -1.86% NASDAQ COMPOSITE 11,358.94 -189.34 -1.64% NYSE COMPOSITE INDEX 12,936.39 -263.47 -2.00% S&P/TSX COMPOSITE INDEX 16,079.55 -224.53 -1.38%...
International ferrous scrap metal increase
Turkish import prices have increased. Following the Turkish trend, prices on the South Asian markets also recovered. South Korean steel mills have booked Russian scrap shipments and Japanese domestic scrap prices have increased in some regions. Prices of scrap...