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Nippon Steel may buy more stakes in coking coal and iron ore mines
Nippon Steel Corp may buy more stakes in coking coal and iron ore mines even after its recent decision to invest in a Canadian mine, as it sees the risk that commodity prices will remain high. Japan's top steelmaker said in February that it will spend about C$1.15...
Aluminum: open interest and volume on the CME hit a record high in February
Aluminum futures on the Chicago Mercantile Exchange reached record average daily volume in February, up fourfold from a year ago, and open interest also reached all-time highs. Last month, average daily volume reached 3,161 contracts, up 300 percent from a year...
Aluminum scrap: Glencore launches a joint venture
Glencore has partnered with scrap broker Zeb Metals to promote the recycling of aluminum scrap and slag at a new facility in South Carolina, US. The Charleston plant is scheduled to open later this year. It will include two rotary kilns to recycle aluminum slag and...
Nickel: Russia’s largest miner sells to China in yuan
Russia's largest miner, MMC Norilsk Nickel, is selling some nickel in yuan at prices set in Shanghai, a sign of how the invasion of Ukraine is reshaping global commodity flows and empowering China. Nornickel, as the company is known, has sold some spot volumes to...