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PCC BakkiSilicon will stop producing silicon at its smelter in Húsavík on the northern coast of Iceland this week due to the current soft market prices, a senior company official told Fastmarkets on Tuesday July 28.
The three-month nickel price on the London Metal Exchange was lower during morning trading on Tuesday July 28, with selling pressure emerging during Asian trading hours, while a continued influx of material caused the LME zinc price to drop by 1%.
Resource nationalism is one of the key risks miners will face in the increasingly volatile macroeconomic environment worsened by the Covid-19 pandemic, global law firm White & Case told Fastmarkets this week.
Domestic prices for steel hot-rolled coil continued to recover in Northern Europe in the week ended Friday July 24, although at a slower pace due to the start of the seasonal market slowdown.
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