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Crude steel: CISA mills’ production up 1.49% in mid-February
The China Iron and Steel Association (CISA) announced that the average daily crude steel production of all CISA member companies was 2.09 million tonnes in mid-February (11-20 February) this year, an increase of 1.49% compared to the end of February (1-10 February)....
Nickel: March 20 trading will resume in Asian hours
The London Metal Exchange (LME) will reopen nickel trading during Asian trading hours from 20 March, in a move that is likely to provide a major boost to liquidity in the market that has struggled to recover since last year's crisis. The LME halted trading for a week...
Molybdenum: supply contraction triggers a decidedly bullish rally
The hottest metal market at the moment is molybdenum, which enhances the performance of alloys in pipelines, jet engines, power generation turbines, and is used to make steel stronger, up 105% in the past year, settling on 17 February at 34.22 EUR/libre. Much of this...
Copper: First Quantum suspends ore processing at disputed Panama mine
First Quantum Minerals Ltd said today that its unit has suspended copper ore processing operations at the Cobre Panama mine. The company and the government of Panama are locked in a protracted contract dispute with taxes and royalties at the centre of the issue (read...