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Copper: BHP tries to avoid strike at Escondida mine in Chile
BHP has reached an agreement with unionized workers at its Escondida copper mine in Chile, the world's largest, in an attempt to avoid a strike scheduled for Nov. 21-23. The agreement with Sindicato 1, which represents more than 2,000 workers, has yet to be approved...
Ferrous scrap: the Turkish market remains cautious
Following the rebound in scrap prices imported from Turkey last week, Turkish steel mills have increased bids for semi-finished and finished steel. Although the increase in bids since Friday has accelerated steel sales to some extent, as steel buyers are starting to...
Copper: higher price needed to incentivize startup of new projects
Copper prices will have to rise to incentivize the new supply the world needs to meet decarbonization and electrification goals. Global demand for copper is expected to grow from the current 25 million tons to 50 million tons in 2035 and to 53 million tons by 2050, if...
Commodities: Metinvest diversifies supply to European assets
Metinvest has diversified the supply of semi-finished products for its foreign assets in Italy and Britain, which have been left without raw materials from Ukraine due to the Russian occupation of Mariupol. The company's CEO, Yuri Ryzhenkov said, At first they had...