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Lithium: soaring prices boost Chilean SQM’s profits tenfold
Chilean mining company SQM, the world's second-largest producer of lithium, reported a tenfold increase in third-quarter net profits on Wednesday, thanks to soaring prices and record sales of the metal, a key component of rechargeable batteries. The miner reported net...
Nickel: from +40% in just two weeks to -15% in one day. High volatility
The London Metal Exchange said Wednesday that it is conducting closer monitoring of nickel trading after prices fell as much as 12 percent under volatile and illiquid conditions. The drop came after a meteoric run in the metal used to make stainless steel, which...
Steel: Mexico’s consumption will increase amid uncertainties in 2023
According to the Canacero National Steel Association, Mexico's steel sector is expected to improve its main indicators in 2023 compared to the previous year. Apparent steel consumption (ASC) is expected to increase 2-3 percent year-on-year from 25 million tons in...
Scrap: unexpected price recovery
In its latest press release, Assofermet, the association representing Italian distributors of scrap, raw materials, and steel products, said October in Italy was marked by an unexpected recovery in scrap prices and decent demand in the market. "The drop in gas prices...