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While there’s more work to be done, stability has been restored to the London Metal Exchange nickel contract and confidence in its value as a pricing mechanism is starting to return, according to the exchange’s chief executive officer
Volatility in key currencies has been at the forefront of the minds of many steel and ferro-alloys producers, traders and buyers in 2023
Rising base metal stock levels on the London Metal Exchange continue to highlight a poor physical demand environment, with the anticipated return in global demand remaining a key talking point ahead of LME Week, participants told Fastmarkets on Friday October 6
The short-term outlook for copper is being understandably muted by investors’ macroeconomic and geopolitical concerns despite an ongoing positive story for the longer term, the chairman of Chilean state-owned copper producer Codelco said in an interview
Codelco is currently negotiating with fellow Chilean miner Sociedad Quimica y Minera (SQM) to create a lithium production partnership, the chairman of the state-owned copper producer told Fastmarkets
Codelco expects to begin to gradually increase its copper production following several years of declining output, with a roughly 30% rise from current levels expected by 2030, the chairman of Chile’s state-owned copper company told Fastmarkets
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