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Steel: production in China in 2023 to grow despite real estate problems
Chinese steel production is expected to increase for the first year in three in 2023, as weakness in the domestic real estate sector will be offset by strong vehicle production and rising exports. According to official data, China, which produces about 55 per cent of...
Copper: world stocks suddenly seem limited
Predictions of a copper surplus until 2024 have suddenly disappeared. The next two years were supposed to be a period of abundance for copper, thanks to a number of major new projects launched around the world. Most in the industry expected a comfortable surplus...
Aluminium: Alcoa asks the Spanish government to intervene to keep the San Ciprián smelter running
Alcoa Corporation has scheduled a series of meetings with key stakeholders to address concerns about the San Ciprián complex, which includes an alumina refinery and aluminium smelter. This week, representatives of the Spanish operating subsidiaries will meet with...
Non-ferrous metals: down on strengthening dollar and caution ahead of US data
Prices of copper and most other base metals fell on Monday as the strengthening dollar made commodities more expensive for holders of other currencies, while traders and investors also looked ahead to key US inflation data. Three-month copper on the London Metal...