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Nickel: British court waiting to examine evidence on LME crisis
Hedge fund AQR Capital Management and four other parties will ask the British court today to force the London Metal Exchange (LME) to release documents related to the decision-making process that led the LME to suspend nickel trading in March. AQR and others filed a...
Aluminum: producer Norsk Hydro will increase investment and cut other costs
Aluminum producer Norsk Hydro will cut more costs and increase capital expenditures next year, while distributing a smaller portion of its profits as a dividend as it grapples with rising inflation. On the positive side, Hydro has predicted a boom in demand for...
Fitch says steel markets will normalize in 2023, China aside
International credit rating agency Fitch Ratings said the global steel sector will not fully recover in 2023 due to lower consumption in the second half of this year. The slowdown in the global economy has ended the exceptionally high prices caused by the explosion in...
Semi-finished products: export increase for Ukraine
According to data from Ukrainian customs authorities, Ukraine shipped 89,700 tons of semi-finished products abroad in November this year, which is 30% more on a monthly basis. At the same time, the year-on-year decline was huge, at 76 percent. Since the start of the...