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Zinc: stocks at lows rally the price
After a continuous decline in zinc prices, the price began to react in November. Currently, quotations are in the $2,878/mt area (12:55 GMT+1), up 7 percent from $2,681 in early November. The continued decline in zinc prices has stimulated zinc market turnover and...
Caustic soda: price down 19%
Since Oct. 14, 2022, China area caustic soda prices have fallen by about 19.60 percent from 192.4 euros/mt to the current 154.68 euros/mt as of Nov. 4, 2022. Supply has remained stable while most major producing companies have had relatively linear production but the...
HRC steel: Chinese steel mills’ production falls to one-month low
Total hot-rolled (HRC) production of major Chinese steel mills hit a monthly low of 3.08 million tons between Oct. 27 and Nov. 2, falling for the second week by another 36,300 tons, or 1.2 percent on a weekly basis. Meanwhile, the hot rolling capacity rate also fell...
Aluminum: South32 suspends Mozal smelter feed line after accident
According to a recent report, South32 has temporarily halted its aluminum production line at the Mozal smelter in Mozambique after an accident on Monday, November 7, left two people dead and one injured. The news came after South32 reported that: "Reduction operations...