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New Russian Export Duties
The Government of the Russian Federation has imposed new export duties on certain products, including steel and steel raw materials, from 1 October this year until 31 December 2024. The duty will vary from 4 to 7% depending on the exchange rate of the Russian...
Copper: prices in a medium-term sideways trend as stocks triple
Copper prices continue to move sideways within a narrow range. Lacking either bullish or bearish momentum, prices failed to establish a breakout. After a 3.34% drop in August, prices fell only 0.53% in the first three weeks of September. LME stocks have tripled since...
Exceeding import quotas for certain products at the end of the EU quota period
As the end of the EU quota period approached between 1 July and 30 September, the import quotas for some steel products were exhausted, while those for other products exceeded 90 per cent. On the other hand, 'other countries' quotas were exceeded for 933,743 metric...
Cobalt: prices stable at around EUR 31,300/mt
Prices for cobalt used in the production of battery chemicals for electric vehicles plummeted at the end of June 2023 due to increased supplies from the main producer, the Democratic Republic of Congo (DRC). Cobalt hydroxide is produced in Congo, where it is a...