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South Korea: warning of supply disruptions and economic damage in case of truckers’ strike
South Korea's prime minister on Tuesday urged truckers' unions to abandon plans to strike this week to spare the economy what he called paralysis and irreversible damage, stoking fears for the post-pandemic recovery of global supply chains. For the second time in less...
Platinum: projected deficit in 2023 after record surplus
The World Platinum Investment Council (WPIC) said Tuesday it expects a deficit in the metal used in vehicle exhausts, industry and jewelry in 2023 after a strong surplus this year. According to the WPIC, use by automakers will increase and investors will shift from...
Steel and metals: recyclers call for early elimination of EU ETS free allocations for producers
The European Recycling Industry Confederation EuRIC, a strong supporter of the circular economy, urged ahead of a European meeting on Nov. 22 that free allocation under the European Union's Emissions Trading Scheme be eliminated as soon as possible so as not to...
Copper: runaway bulls set to amplify losses as demand slows
Rising inventories, due to slowing demand and increased supply at mines, are set to hit copper prices in the coming months, with speculators cutting their bets on rising prices for the metal used for energy and construction. Demand optimism, sparked by the easing of...