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European allowances have steadily dropped in recent days amid wide uncertainty in the emissions trading market, defying a sharp spike in Dutch TTF Natural Gas prices prompted by the escalating conflict in the Middle East.
Guinea, the world’s biggest bauxite producer, is considering plans to compel miners to curb exports of bauxite in a bid to halt the slump in the price of the key raw material for aluminium production, sources told Fastmarkets on Monday March 9.
Canadian miner Teck Resources and Korea Zinc have agreed to set treatment charges (TCs) for zinc concentrates at $85 per tonne this year, a slight adjustment from last year’s all-time low of $80 per tonne, four sources told Fastmarkets on Friday March 6.
US animal fats and oils markets have moved higher in recent weeks alongside gains in soybean oil futures and diesel values, with improving renewable diesel and biodiesel economics driving stronger demand for feedstocks.
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