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Outokumpu seeks to expand after second quarter decline
Although nickel prices rose by more than 8 per cent in July, today, 16 August, LME quotations fell to a new low since September 2022, also breking down June's lows at $20.545/mt, settling at 07:35 (Italian time) in the $19.745/mt area. According to the recent earnings...
Lithium: Argentina could be the epicentre of a new supply phase
Argentina, the world's fourth largest producer of lithium and second largest in terms of resources, has been tipped as the most promising supplier to overtake Chile in the short term, as it has a strong pipeline of upcoming lithium projects set to unlock a wave of...
Steel: apparent production in Chile plummeted in the first quarter of the year
According to data released by Chilean steelmaker IHCA, apparent steel consumption in Chile's first quarter was 603,000 tons, down 12.7 percent from the same period last year. ICHA expects total steel consumption to reach 2.32 million tons in 2023, up 1.2% from the...
Copper: Antofagasta’s profit rises despite falling prices and increases dividend
Chilean miner Antofagasta has reported a 7.5% increase in half-year profits, thanks to higher copper sales that more than offset falling prices for the metal, which is considered essential for the world's transition to a greener economy. Earnings before interest,...