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Nickel: Indonesia would like to create a group similar to OPEC
Indonesia's proposal to create an organization to control nickel production and prices, along the lines of OPEC, would be a tall order because production is controlled by private companies, not governments. The proposal to "coordinate and integrate nickel policy" as...
Steel: US and EU producers form coalition to reduce carbon emissions
A coalition of steel producers from the United States and the European Union has formed to urge authorities to adopt stricter carbon emission standards for steel production. The Global Steel Climate Council (GSCC) is composed of several leading U.S. and European Union...
Copper: in January-September 2022, the market closed in deficit
The global copper market posted a deficit of 736 thousand tons in the first nine months of this year. This follows a deficit of 285 thousand tons during the entire previous year. LME stocks of the metal increased by 48 thousand tons at the end of September this year,...
Aluminum: Alcoa pressures U.S. and LME to sanction Russian metal
William Oplinger, executive vice president and chief financial officer of Alcoa, told the Goldman Sachs Global Metals & Mining Conference that the energy crisis[world was caused by Russia's invasion of Ukraine. Western suppliers had to deal with the aluminum...