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Metals and wider markets are mixed this morning, Wednesday April 15, while traders brace for more economic and corporate data that will start to show the economic hit that the global economy has suffered.
South Africa’s Department of Mineral Resources (DMR) has granted approval for Tshipi é Ntle Manganese Mining to partially restart operations at the Tshipi Borwa manganese mine from April 14, Jupiter Mines, which operates Borwa, said on the same day.
South Korea’s two largest steelmakers plan to slash their intake of import scrap over the coming months amid weak finished steel demand, market sources have told Fastmarkets.
Seaborne coking coal prices rose on Wednesday April 15 due to active trading in China, though demand from countries such as Japan was heard to be weak amid production cuts implemented by mills.
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