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Europe to redraw iron ore supply lines after Russia’s invasion forces Ukrainian miner to halt operations
Europe will have to rethink its iron ore supply lines after major producer Metinvest was forced to shut three mining and processing operations, because of logistics issues caused by Russia's invasion of Ukraine, the GMK Center think-tank told Fastmarkets this week
July 8, 2022
·
By Paul Lim
Insights
Hydro announces new investments to meet growing low-carbon aluminium demands from auto sector
Norwegian aluminium company Norsk Hydro announced a fresh wave of investments on Thursday July 7, expanding the company’s use of post-consumer scrap and focusing on meeting low-carbon aluminium demand from the European automotive industry
July 8, 2022
·
By Imogen Dudman
Insights
Chilean tax reform sets royalties, tax for copper producers
The Chilean government has introduced a tax reform bill that, among other measures, would raise mining royalties on companies that produce more than 50,000 tonnes per year of copper, according to a release from the country’s ministry of finance
July 8, 2022
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By Yasemin Esmen
Insights
Key Asia bulk import steel scrap markets record sharp rise amid pre-Eid buying
A raft of bookings for steel scrap in both Turkey and Pakistan this week ahead of the Islamic holy festival of Eid al-Adha has led to an acute rise in offer prices to key Asia bulk markets, sources told Fastmarkets
July 7, 2022
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By Lee Allen, Tianran Zhao
Insights
Alumina market grapples with rising costs, Atlantic differential may switch direction
The alumina sector is continuing to grapple with rising costs and weakening market conditions, while the Atlantic differential could switch direction due to refinery production cuts and aluminium smelter closures, sources told Fastmarkets.
July 7, 2022
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By Carrie Bone
Insights
Shagang cuts another $7 per tonne off steel scrap procurement price
Shagang Group, China's largest privately-owned steel producer in Jiangsu province, East China, has announced a 50 yuan ($7) per tonne cut to its scrap procurement prices due to lower steel scrap consumption by domestic steel mills amid thin profits or even losses, market sources said
July 6, 2022
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By Olivia Zhang
Insights
Aluminium mating season: Three reasons why the 2023 negotiations won’t be like any other
For 35 years, aluminium buyers, sellers and traders from all over the world have come together at the International Aluminium Conference to kick off the mating season. In the lobby and networking spaces of this event, careful negotiations take place between consumers looking to secure supply, traders looking for arbitrage windows and producers looking for long-term deals.This year’s mating season won’t be like any other. Here are three big reasons why.
July 6, 2022
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Insights
EU annual imports of soybeans and meal fall by 6% and 4.5%, respectively
Data from the European Commission shows imports down from previous marketing year
July 6, 2022
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By Anna Platonova
Insights
Alcoa will cut alumina production by up to 15% at San Ciprián on high gas prices
Alcoa will reduce production at its San Ciprián alumina plant in Spain because of high natural gas prices, it said late last week.
July 5, 2022
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By Carrie Bone
Insights
Grains, meals and vegetable oils export: Russian government changes formula
New tax set in rubles after huge drop
July 5, 2022
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By Masha Belikova
Insights
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