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Global pig iron production increased by 2.8% y/y in February 2024

Global pig iron production in February 2024 increased by 2.8% compared to the same month in 2023 – to 115.35 million tons. The figure increased by 2.7% compared to January. This is reported by Ukrmetalurgprom with reference to the data of the... Read more

Iron Ore › Iron ore slips on slower than expected China demand recovery

Dalian iron ore tumbles over 3.5%Singapore benchmark falls more than 4% to a one-week lowCoking coal, coke down over 3%Steel benchmarks slide on lower raw materials, tepid demandUpdates closing pricesBEIJING, March 26 (Reuters) - Iron ore futures prices fell on Tuesday, amid... Read more

Aluminum › USA - Southeast Missouri aluminum smelter curtailment poses challenges for local economy, national industry

The recent closure of the Magnitude 7 Metals aluminum smelter in the small town of Marston in southeast Missouri has created uncertainty for both the local region and the U.S. aluminum industry.The plant, formerly owned by Noranda Aluminum, first opened... Read more

Aluminum › USA - Unified Aluminum Industries Call for Creation of North American Aluminum Trade Committee

Committee would help formalize collaboration between North American industries, governmentsThe Aluminum Association, Instituto Mexicano del Aluminio and the Aluminium Association of Canada called for the creation of a North American Aluminum Trade Committee (NAATC) in a letter to trade officials in Canada,... Read more

Iron Ore › China is planning to break its dependency on Australia and Brazil for iron ore. Africa is the key

China has a number of iron ore projects in the works in Africa as part of its ‘foundation plan’ to de-risk its supply of the mineralFor now, the country relies heavily on Australia and Brazil, which supply the vast majority... Read more

Copper › ‘Copper’s time is now’ as traders switch from iron ore

Diverging prices for two of Australia’s key exports has triggered a rotation across commodity markets, with traders being told to abandon their love affair with iron ore and jump on the copper bandwagon.Copper prices surged nearly 6 per cent last... Read more

Iron Ore › Global iron ore prices fall to 6-month low

As of March 13, iron ore quotations on the Dalian Exchange amounted to $112.29/t, and on the Singapore Exchange – $103.45/t.May futures for iron ore, the most traded on the Dalian Commodity Exchange, for the period March 6-13, 2024, fell... Read more

Aluminum › North American Aluminum Demand Down 3.9% in 2023, Driven by Decline in Imports

Data Shows Early Signs of Demand RecoveryAs part of its monthly Aluminum Situation statistical report, the Aluminum Association released preliminary estimates showing a 3.9% contraction in year-over-year demand for the aluminum industry in North America (shipments by producers in the U.S. and... Read more

Aluminium › Recovery of global aluminium demand depends on interest rates in the US and Europe

Recovery in global aluminium demand depends on interest rates, mainly in the United States and Europe, while the global scenario remains challengingThis is the opinion of Luciano Alves, Companhia Brasileira de Alumínio’s (CBA) chief executive officer, who spoke on the... Read more

Iron Ore › Brazilian DR iron ore pellet premiums expected to slip in Q2, in line with softer buying interest

Second-quarter DR pellet premiums were heard to be discussed at $53 per tonne, down by $2 per tonne from the current quarter, while blast furnace (BF) pellet premiums have remained flat at $45 per tonne from the first quarter.Both pellet... Read more

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