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Zambia Reopens The Copper Concentrate Valve: Facilitated Exports, Offline Smelters And Increasingly Strategic Sulfuric Acid
Zambia extended until September 30 the waiver from the 10% duty on copper concentrate exports, a decision that allows miners to clear up to 271,742 tonnes of accumulated stocks while three major smelters in the country remain out of service or enter maintenance. The...
European Secondary Aluminium At Highs: Scrap Unavailable, Replacement Costs Rising And Buyers Racing For The Third Quarter
The European secondary aluminium market recorded a new increase in the week ended Friday June 5, reaching another all-time high. The push comes from a combination increasingly difficult to manage: extremely limited scrap availability, rising replacement costs and...
Copper Concentrates At Historical Lows: TC/RCs Increasingly Negative While Sulfuric Acid Supports Chinese Smelters
The copper concentrates market reached a new critical threshold in the week ended Friday June 5. Treatment charges and refining charges, already deeply negative for months, extended their decline further, pushing Asia-Pacific indicators to the lowest levels ever...
ADC12 Higher Between China And Japan: Scrap Costs, Strong Futures And Tight Stocks Push Prices To Highs
The Asian market for secondary aluminium alloy ingot ADC12 continued to strengthen in the week to Wednesday June 3, with increases both in the Chinese domestic market and in Japanese imports. The movement was supported by firmer aluminium futures, rising scrap costs...