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Copper: price falls from two-month highs as dollar finds support
Three-month copper prices in London fell from two-month highs on Wednesday due to the strengthening US dollar and renewed economic risks, although losses were limited by the solid supply and demand outlook. Three-month copper on the London Metal Exchange (LME) fell...
UAW union reaches final agreement with Detroit automakers
The US union United Auto Workers (UAW) announced that its members at Ford, General Motors, and Stellantis have ratified the previously signed tentative agreements, thus ending negotiations between the UAW and the Detroit automakers. The agreements with the automakers...
Green steel and iron: the MENA region could become a global leader
According to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA), the Middle East and North Africa (MENA) region could become a global leader in steel and the emerging green iron trade, as it has the potential to combine its leadership in...
Aluminium: the Irish company Aughinish Alumina, owned by Rusal, reported a loss of USD 167 million
Aughinish Alumina, a metal smelting company in Limerick, Ireland, owned by Russian aluminium giant Rusal, posted a loss of $167m in the last year, according to newly filed accounts. This is a decrease from the $378m loss reported in 2021. The Irish Shannon Estuary...