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LME base metals prices were generally lower in Asian morning trading on Tuesday February 20, with Chinese markets still closed for the Lunar New Year holiday.
Check Metal Bulletin’s live futures report here.
Non-ferrous metals producer Korea Zinc will increase sales of zinc from its directly owned smelting assets in 2018 by 8%, or 50,000 tonnes, while reducing its lead and silver volumes, it said on February 8.
Commodities trader Noble Group expects to report losses for both the fourth quarter of 2017 and the full year ended December 31, because of challenging trading conditions and substantial losses at its coal, steel and metals businesses.
Prices in the Commonwealth of Independent States’ export markets for hot-rolled coil (HRC) and cold-rolled coil (CRC) have gone up again amid low availability of March-rolled material.
Russia’s reintroduction of value added tax (VAT) on domestic steel scrap could lead to a surge in scrap exports, market participants told Metal Bulletin at the annual Regional Trade conference in Moscow last week.
Spain-focused tungsten miner W Resources has secured a $35-million loan facility to fund its La Parilla development in southwest Spain, it said late last week.