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Steel: consumption in Mexico increased in March while production decreased
Mexico's apparent consumption of liquid steel rose 7.5% year-on-year to 2.77 million tonnes in March, according to data released by the Mexican Iron and Steel Association (Canacero). This is the highest level in three years in the five-month period ending in March....
Iron ore: Chinese stocks rose in April
In April, stocks of iron ore concentrates at China's domestic mines increased from 2.34m tonnes, or 9.4 days, to 2.57m tonnes, or 10.3 days. Due to the low demand for downstream steel products, some steel mills in Shanxi and other regions started to overhaul blast...
Zinc: price weakens as supply rebound eases fears of a supply shortage
Zinc prices are falling, with the three-month metal on the London Metal Exchange (LME) hitting a two-and-a-half-year low of $2,517.50 per tonne on Friday morning. Zinc's slump is part of a broader decline in prices across the base metals complex, as China's rebound...
Aluminium: Shandong Nanshan could expand $6 billion Indonesian site
China's Shandong Nanshan plans to expand its new Indonesian alumina plant into a $6 billion aluminium smelting complex by 2028, which would be one of the largest foreign investments in the resource-rich nation. Shandong Nanshan is part of a growing group of private...