Biden calls for tripling of tariffs on Chinese steel
The Biden administration is also pressuring neighboring Mexico to prohibit China from selling its metal products to the United States indirectly from there.
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Russia and China trade new copper disguised as scrap to skirt taxes, sanctions
Russian RCC and Chinese firms have avoided taxes and skirted the impact of sanctions by trading in new copper wire rod disguised as scrap.
Aging copper mines are turning into money pits despite demand
Chile’s Chuquicamata is a cautionary tale for an industry beset by rising costs and heightened regulatory scrutiny.
Aurubis to grow organically rather than through deals, CEO says
The $700 million facility will have an initial capacity of 90,000 metric tons per year.
Gold price holds near record, could rise to $2,700, says Goldman Sachs
Bullion has gained about 16% so far this year and more than $500 since October.
Traders are already gaming the new Russian metal sanctions
The opportunity lies in massive piles of Russian metal already sitting in the LME global warehouse network.
Gold, copper-infused device quickly detects bacteria responsible for food poisoning
The new gold-copper-infused device is expected to be a game-changer when it comes to the shipment of food and pharmaceutical products.
Iron ore price hits over 5-week high on improving steel market, pre-holiday restocking
Near-term ore demand will remain solid as mills show increasing willingness to resume production after an improvement in margins and downstream demand, said analysts.
Short squeeze fears grip tin as LME says it’s watching market
Tin's 25% advance in 2024 puts it well ahead of more closely-watched commodities like copper or crude oil.
