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Aluminium: price hits 14-month high thanks to fund buying
Aluminium prices hit 14-month highs on Wednesday, thanks to an influx of funds into the sector on optimism about the global economy. The benchmark three-month aluminium on the London Metal Exchange (LME) was down slightly today (-0.22%) after a +0.45% rise in...
Copper: protesters block Las Bambas mine in Peru after negotiations fail
Peru's Las Bambas copper mine, owned by China's MMG, is facing new blockades of a key transport route after negotiations on donations to local development projects broke down. Peru is one of the world's leading copper producers and Las Bambas, which normally supplies...
Zinc: prices up 13.50% since the beginning of April
Zinc prices were on a strong upward trend, up 13.50% from prices at the beginning of April. Benchmark tariffs for zinc smelter treatment have fallen sharply this year, reflecting the tightening of the mining supply chain. Canada's Teck Resources agreed to pay Korea...
Ferrous scrap: prices in Italy fell in March, possible price tensions in sight
The Italian ferrous scrap market experienced a predominantly bearish trend in March, with declines of around EUR15-20/mt amid persistently low demand from steel mills, said Assofermet, the association representing Italian distributors of scrap, raw materials and steel...