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After United States sanctions cut off supplies of microchips for Huawei smartphones, alarm bells began to ring out across all Chinese industries deemed as pivotal to the country’s future development, but reliant on imported materials.
Fastmarkets’ benchmark premium for the supply of aluminium to main Japanese ports (MJP) in the fourth quarter of 2020 has settled at $88 per tonne on top of the London Metal Exchange cash price.
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Tata Steel Europe has strongly denied reports that it will sell its UK-based asset to Chinese steel giant Jingye.
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