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Copper slips on profit-taking after Friday’s jump

Copper led base metals lower on Monday as investors took profits after the metal used in power and construction touched a two-week high on Friday. Three-month copper on the London Metal Exchange slipped 1 percent to $6,218 a tonne in ...

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Iron Ore is Defying Gravity

Despite the turmoil of an escalating war of words and the prospect of a full-blown trade war, the price of iron ore has remained remarkably robust this year. As the primary ingredient in the most basic of manufacturing materials, steel, ...

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Top Copper Miner Almost Sold Out on Strong China Demand

Chinese copper demand has been so strong in the past few months that top producer Codelco has almost sold out of supplies for next year, well ahead of schedule, according to the chairman of the Chilean state-owned company. “It’s extremely ...

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China’s winter anti-pollution shift may be good or bad for iron ore

Unlike the turbulence being experienced by many other commodities, iron ore prices have snoozed through the past seven months, staying locked in a narrow range. A shift in China’s winter pollution abatement strategy could cause iron ore prices to awaken, ...

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China’s iron ore demand has already peaked

China’s iron ore demand has already peaked and is expected to stay flat, an official of the country’s biggest listed steelmaker, Baoshan Iron & Steel Co, said on Thursday. China bought a record 1.08 billion tonnes of the steelmaking raw ...

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China steel, iron ore recover on possible U.S.

Prices of steel and iron ore regained some lost ground in China on Thursday after the United States invited Chinese officials for talks, spurring hopes of a deal to end a trade dispute between the world’s two largest economies. Washington ...

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Nickel price to benefit from short supply, strong steel demand through 2019

Slower production increases in leading supplier Indonesia and continued growth in stainless steel demand are forecast to extend a supply shortage in the global nickel market, supporting price gains through 2019. Nickel, which recently hit its lowest since December, could ...

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METALS-Copper price descent resumes as dollar rallies

Copper prices fell on Thursday as the trade dispute between the United States and China escalated and the dollar strengthened on expectations of higher U.S. interest rates soon. Benchmark copper traded down 1.1 percent at $5,940 a tonne in official ...

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METALS-London copper edges down ahead of U.S.-China trade talks

London copper retreated on Wednesday ahead of trade talks between the United States and China with U.S. President Donald Trump playing down hopes for near-term progress, saying resolving the dispute will take time. Trump told Reuters in an interview on ...

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Nickel is dancing to a new electric (vehicle) beat

The world used almost 2.2 million tonnes of nickel last year. Around two thirds of that metal was absorbed by the stainless steel industry, which uses it as a key alloying agent. Stainless steel production has been booming. Global output ...

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