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Metals / Commodities

Why Are Hedge Funds Buying Up Physical Cobalt?

Jul 05, 2024 at 06:08 | ZeroHedge

Cautious optimism is creeping back into the cobalt metal market as hedge funds move to physical purchases of the battery metal as prices slump to seven-year lows. With…

Liberty Ostrava's Insolvency Raises Concerns for European Steel Industry

Jul 05, 2024 at 05:29 | Metal Miner

Via Metal Miner   Liberty Steel Ostrava, a steel manufacturing plant in the Czech Republic, recently entered an…

Steel Industry Reacts to Import Caps and Tariffs with Cautious Approach

Jul 01, 2024 at 06:29 | Metal Miner

Via Metal Miner Sources said that steel manufacturing entities in northern Europe are unlikely to seek price increases on hot rolled coil until…

Why Is BHP So Obsessed With Anglo American?

Jun 27, 2024 at 09:45 | Metal Miner

Via Metal Miner   Australian mining multinational BHP recently abandoned its bid for London- and Johannesburg listed Anglo American after the target company…

Copper and Nickel Face Cooling Demand

Jun 25, 2024 at 09:00 | Metal Miner

Via Metal Miner Overall, the Stainless Monthly Metals Index (MMI) rose 3.89% from May to June.

Aluminum Prices Face Downward Pressure Amid Oversupply Concerns

Jun 24, 2024 at 07:05 | Metal Miner

Via Metal Miner Overall, the Aluminum Monthly Metals Index (MMI) rose 4.09% from May to June.

Chinese Copper Exports Are Flooding Global Markets

Jun 21, 2024 at 08:50 | ZeroHedge

Until the Chinese government introduces more robust stimulus packages to counter soft economic data and exporters in the world's second-largest economy ease up on flooding global markets with…

Kyrgyz Parliament Lifts Ban on Uranium Mining

Jun 21, 2024 at 08:32 | Eurasianet

Environmental activists in Kyrgyzstan are worried about the rising potential for a disaster following the parliament’s decision to resume uranium mining after a five-year hiatus.  The…

Copper Market Rally Loses Steam as Demand Fails to Keep Up

Jun 21, 2024 at 07:49 | Metal Miner

Via Metal Miner Overall, the Copper Monthly Metals Index (MMI) rose 3.48% from May to June.

China’s Secret Weapon in the Global Copper War

Jun 20, 2024 at 07:32 | Metal Miner

Via Metal Miner Copper demand continues to surge globally. And as the rest of the world struggles with the rising price of copper and the ever-changing copper market,…

U.S. Steel Prices Pressured by Influx of Vietnamese Imports

Jun 19, 2024 at 04:24 | Metal Miner

Via Metal Miner The Raw Steels Monthly Metals Index (MMI) remained sideways, with a modest 1.33% decline from May to June. As a whole, U.S. flat rolled…

Brazil Looks To Challenge China’s Dominance in Rare Earth Minerals

Jun 18, 2024 at 09:22 | Tsvetana Paraskova

Brazil is estimated to hold the world’s third-largest reserves of rare earths, the critical minerals vital for modern technology and the energy transition. Brazil’s rare earths mining industry has just…

Europe Aims to Reduce Reliance on China for Critical Minerals

Jun 18, 2024 at 08:19 | Felicity Bradstock

Europe has been looking for ways to accelerate its rare earth metals production to diversify its supply chain and reduce reliance on China as its main supplier. Several minerals will…

Geopolitical Tensions and Rising Interest Rates Damping Metal Demand

Jun 14, 2024 at 07:31 | Metal Miner

Via Metal Miner  The Construction MMI (Monthly Metals Index) continued to hold sideways month-over-month, without significant bullish or…

The World’s 8 Biggest Mining Countries

Jun 14, 2024 at 07:26 | ZeroHedge

China was the world’s biggest extractor of domestic materials in 2023, according to the UNEP’s Global Material Flows Database. The country extracted a…

U.S. Automakers Race to Offset the Rise in Copper Prices

Jun 13, 2024 at 07:06 | Metal Miner

Via Metal Miner The Automotive MMI (Monthly Metals Index) continued to rise month-over-month, this time increasing by 3.04%.…

Tata Steel's Electric Arc Furnace Project in Limbo

Jun 11, 2024 at 07:08 | City A.M

Tata Steel bosses have raised concerns about the impact the UK’s General Election on July 4 could have on its £1.25bn plans at its Port Talbot site.

What’s Next for Copper Markets?

Jun 10, 2024 at 06:06 | ZeroHedge

Tight supplies from copper mines and the looming threat of a worsening global deficit rocketed copper prices from February to June, and the AI trade, which drove momentum…

Surge in Demand Drives Up Shipping Costs for U.S. Importers

Jun 06, 2024 at 06:29 | Stuart Burns

Via Metal Miner An unexpected surge in demand could complicate global import logistics, raising prices for U.S. importers. So far, global GDP growth…

New Electric Arc Furnace Could Cut Liberty Steel’s Emissions by 80%

Jun 04, 2024 at 07:32 | Metal Miner

Via Metal Miner Steel manufacturing giant Liberty Steel recently signed a contract with Chinese engineering company CISDI, finalizing a feasibility study to build…

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