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ArcelorMittal to receive European Commission funding for decarbonisation initiatives
The European Commission (EC) has announced that it has approved the funding application submitted by Luxembourg-based steel producer ArcelorMittal to support its decarbonisation efforts. The subsidiary ArcelorMittal España will receive €460 million in funding for its...
Copper: First Quantum sets 23 February as the date for halting operations in Panama
Canadian company First Quantum Minerals said it may halt operations in Panama on 23 February as it nears a 'critical point' in copper storage capacity after the government suspended its loading permits at one port. The Vancouver-based company said the Panama Maritime...
Copper: prices rebound on hopes of recovery in Chinese demand
Copper prices are rebounding today on the back of investors' and traders' hopes for a recovery in demand from major consumer China and support from global mining supply disruptions. Signs of stronger demand bolstered sentiment. The accumulation of copper stocks in...
Nickel: prices in support of short-term support
Nickel prices came back to short-term support in the $25,635/mt area, after peaking in January. Meanwhile, volume levels appear to be at least partly responsible for the current price action in stainless steel and nickel. Overall buyer volume has continued to decline...