Foreign media reported on November 18 that Chilean miner Antofagasta agreed to reach a processing and refining fee of US$80 per ton and 8 cents per pound with Chinese smelter Jinchuan Group for the supply of copper concentrate next year, three sources said on Saturday. protocol. What miners pay smelters to process the ore into […]
Antofagasta agrees to lower copper prices to $80 per ton in 2024 Read More »
Port data shows that copper concentrates from Australia are being shipped to China, marking the first such shipment since China halted imports of copper concentrates from Australia three years ago. According to the Western Australian Port Authority, on November 3rd, the “African Board” cargo ship set sail from Geraldton Port in Australia to Qingdao, carrying
Moody’s downgrade of the U.S. credit rating outlook and the rise of the U.S. Dollar Index led to a high-level retreat in London zinc, which closed down 1.56% on the 13th. Increased haze pollution and intensified environmental efforts in northern regions have led to reduced production orders for downstream galvanizing companies, which may result in
Powell’s speech had a temporary impact, but it did not sustain the V-shaped reversal in U.S. Treasury yields. The London lead market closed down 0.57% at $2,180 per ton for the week, as smelters balanced production adjustments while spot prices remained in a discount. Weak consumption and tightening of raw material supply provided stronger support,
Tightening of raw material supply lends support: Lead prices on the 13th may stabilize. Read More »
According to foreign media reports on November 8, according to a recent report released by the German Aluminum Association (Aluminum Deutschland), Germany’s aluminum production experienced a significant decline in the third quarter of this year. The report shows that during the quarter, primary aluminum production fell by nearly 50%, and the manufacturing of semi-finished aluminum
According to foreign news on November 6, copper miner Tertiary Minerals reiterated its view that copper is the most important metal in the clean energy transition. As a key raw material for electric vehicles, the wind and solar industry, and energy storage solutions, copper’s future fundamentals are painted as very strong. In a statement released
The London copper market fell on Friday, November 3. Although data showed an increase in inventories in exchange-registered warehouses, the decline was limited due to the weaker dollar. According to foreign reports, three-month copper on the London Metal Exchange (LME) fell 0.02% to $8,141.5 per ton. Although the price of Lun copper fell, the market
London copper fell on Friday as inventories rose but a weaker dollar limited losses Read More »
With the ongoing global economic recovery, the aluminum market is facing unprecedented challenges. The increase in global aluminum production this year is primarily attributed to European smelters resuming production after electricity prices stabilized and Chinese Yunnan province resuming production after the relaxation of hydroelectric restrictions. Despite robust demand in the green sector, weakened consumption in
On November 1st, according to international media reports, the beleaguered Canadian mining company First Quantum Minerals (FM) is facing a difficult path. As Panama takes action to cancel its contract to operate one of the world’s largest copper mines, TO faces a challenging road. Surprisingly, Panama decided on Sunday to hold a binding referendum on
International oil prices have declined, causing weakness in the commodity market. Overnight, London tin prices decreased by 0.33%. The latest closing price was $24,000, down $80 from the previous trading day, representing a 0.33% decline. Trading volume was 555 lots, a decrease of 95 lots from the previous session, and open interest reached 15,717, a
