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Nickel prices on the London Metal Exchange fell on Monday June 18, closing below $15,000 per tonne for the first time since May 29, pressured by a strong dollar index and low trading volumes across the complex. Read more in our live futures report.
Here are how prices looked at the close of trading:
Common themes throughout the economy in the United States are high and rising transportation and logistics costs. Those problems have been acute for the copper industry, leading to ever-rising premiums and questions on when the issue will be mitigated.
South32 will acquire the remaining 83% stake in junior zinc miner Arizona Mining for $1.3 billion in cash, the company said on June 18.
Rio Tinto maintains its iron ore shipment guidance at 330-340 million tonnes for 2018, the miner said during an investor address in Perth, Australia, on Monday while it underlined robust demand for high-grade iron ore from China.
Anton Posner and Margo Brock have set up a new logistics company, Mercury Resources, with a focus on global ocean freight and US-based metals warehousing operations, Metal Bulletin learned on Monday.
Imports of various carbon and stainless steel products from China pose a “real risk” to Taiwan’s domestic steel industry, according to a preliminary ruling by the territory’s Ministry of Economic Affairs.
Gécamines will invite all of its joint-venture partners to discuss the terms and conditions of their mining contracts with the company in an effort to restructure them, the chairman of the Congolese state-run company said.