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Copper: First Quantum suspends production in Panama due to ship blockade
First Quantum Minerals Ltd. has suspended production in Panama due to the vessel blockade that is limiting key supplies to one of the world's largest and newest copper mines. "Cobre Panama is no longer operating at commercial production levels," the Canadian company...
Zinc: LME stocks record further sharp increases, tripling in one week
Another large influx of zinc arrived at London Metal Exchange (LME) approved warehouses, meaning the total has more than tripled in about a week, reaching the highest levels in two years, according to LME data on Wednesday. The sharp rise comes amid an oversupply of...
Ferrous scrap: supply in China is set to increase in Q4
Steel scrap supply in China in Q4 2023 is expected to be higher than in Q3, mainly due to a gradual increase in production rates by steel recycling companies and government calls for the renovation of 'urban villages'. Urban villages in China typically refer to...
Copper: important supply contracts signed
Last week, Chilean copper miner Antofagasta signed its first major supply agreement for concentrates through 2024 with China's Jinchuan Group It remains to be seen whether these terms will be an annual benchmark for others. Indeed, it is far from certain that there...