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Copper: TC/RC Q2 data stable due to supply shortages and smelter production cuts
Treatment and refining costs (TC/RC) of copper concentrates in China are expected to remain stable in Q2 2024 due to limited supply from miners and lower smelter inventories. However, market sources said they would wait for new indications for clearer direction....
Indian steel mills miss investment targets due to China-related delays
India's major steelmakers missed their investment target for the fiscal year to March 2024 due to a delay in obtaining visas for Chinese operators. Under a production-linked incentive program launched in 2020, 27 steelmakers including JSW Steel Ltd, Tata Steel Ltd and...
Aluminium: LME bans Russian-origin metal after UK and US impose new sanctions
The London Metal Exchange (LME) on Saturday banned Russian-produced metal from its system as of 13 April to comply with new sanctions imposed by the US and UK over Russia's invasion of Ukraine. The sanctions aim to limit Russia's revenue from exporting the metal...
Steel: EU wire rod prices hold steady
Northern European wire rod prices are stable this week due to low demand. However, some traders continue to expect more activity in the market this month. Domestic transaction prices for wire rod of drawing quality are 650 euro/mt ($698/mt) ex-works, while for mesh...