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China’s ferrous scrap market plummeted over the past three weeks due to destocking pressure on sellers coupled with low procurement rates among mills, which sent prices to their lowest in close to two years.
Key pricing data from the pricing sessions in Europe and China on Thursday April 9.
Australian lithium miner Orocobre will resume production at its Olaroz and Borax plants in Argentina after the South American country’s ministry of production deemed the activities “essential,” it said on Thursday April 9.
Alumina refineries are struggling to stay above the cost curve with prices at four-year lows, while smelter cuts upstream could further widen refining losses.
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