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EU countries extend recycling targets, adding aluminium
EU countries agreed on Friday to increase their proposed targets for recycling and processing raw materials needed for the green transition and added aluminium to the list of critical minerals. The Critical Raw Materials Act is a central element of the EU's strategy...
Copper: prices buoyed by investor hopes in China but demand fears weigh heavy
Copper prices rose on the first trading day of the second half of the year, buoyed by improved investor sentiment, while rising supplies and demand concerns weighed on the market. Three-month copper on the London Metal Exchange was up 0.29 per cent at $8.343 per tonne...
Aluminium: Novelis will face margin pressure in the short term due to weaker demand, destocking and lower prices
Novelis, a US-based independent subsidiary of Hindalco Industries and a leading aluminium producer, is expected to face margin pressures for at least the next two to three quarters due to weakening demand in the building and construction sector, lower aluminium...
Steel: Exports to Japan fell by 0.5% in January-May
In May this year, Japan's exports of steel products amounted to 3.02m mt, up 13.2% on the month and 0.1% year-on-year, according to customs statistics released by the Japan Iron and Steel Federation (JISF). In the January-May period this year, Japan's exports of steel...