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Copper: stable prices ahead of rate decision and Fed outlook
London copper and most other base metals were unchanged in Asian trading on Monday as caution prevailed ahead of this week's interest rate decision, policy guidance and the US Federal Reserve's economic outlook. Three-month copper on the London Metal Exchange was up...
HRC steel: European operators are concerned about future influx of imports
European buyers of HRC steel are still not buying these products, despite lower offers from some mills. Distributors are focused on reducing stocks in a negative market environment. According to market sources, the problem is not the price, but the lack of demand for...
Copper: Codelco concludes long-term contracts to sell mined metal to Chinese customers from 2025 onwards
Chilean company Codelco is terminating long-term contracts for the sale of copper concentrate to Chinese customers from 2025, with the aim of expanding its product offering after assessing production prospects. Codelco intends to replace contracts that only provide...
The European Commission will support the wind energy sector to decarbonise the steel sector
According to the statement by European Commission President Ursula von der Leyen, the Commission will support the wind energy sector, which currently faces unique challenges, in line with the steel sector's decarbonisation objectives. Ursula von der Leyen: “From wind...