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Blockchain technology can help the global iron ore industry thrive amid the headwinds encountered by steelmaking countries around the world, according to Singapore’s DBS Bank.
Three-month base metals prices on the London Metal Exchange were mixed this morning, Thursday August 6, but the complex was up by an average of 0.4%.
Crude steel, finished steel and hot metal output of the China Iron & Steel Association’s (Cisa) member mills rose to record highs in late July, but steelmakers’ finished steel inventories dropped sharply, according to data released late on Wednesday August 5.
Copper miners operating in the Democratic Republic of Congo (DRC) have been informed that they will not be able to renew their waivers to export copper concentrate from September onward, Fastmarkets has learned.
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