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Aluminium: Norsk Hydro fears influx of Chinese electric vehicles into Europe
Although the price of aluminium has recovered in recent months, it is still well below the glory days of early 2022, when the metal's spot futures price was approaching $4,000 per tonne (it is now around $2,200). The drop is due to Hydro's closure of a smelter in...
Industrial metals: prices rise thanks to the Chinese stimulus forecast and hopes for demand
Most non-ferrous metals rebounded on Monday on the back of supportive economic measures from China, the main consumer, and positive demand for copper, which pushed up prices. Three-month copper on the London Metal Exchange traded in the $8,117/mt area, up 0.33% (09:20...
Stainless steel: China’s net exports increased by 69.1% y-o-y in January-September
China imported 231,500 tonnes of stainless steel in September, up 32.59 per cent on the month and down 14.95 per cent year-on-year, while it exported 343,000 tonnes, down 6.36 per cent on the month and up 22.11 per cent year-on-year. Chinese imports and exports of...
Aluminium: Rusal focuses on China
The decision of Russian producer Rusal to buy a Chinese raw material supplier is a significant signal in the reconfiguration of the global aluminium map. The purchase of a 30 per cent stake in Hebei Wenfeng New Materials is aimed at securing alumina supplies after...