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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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Metals Poisoned by Turkey Contagion as Copper Nears Bear Market

From Turkey’s financial crisis to China’s trade war, the emerging-market contagion is infecting metal markets. Base metal markets tumbled on Wednesday, with most contracts falling more than 2 percent in London. Copper sank below $6,000 a metric ton and is ...

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Copper Vulnerable to Supply Shock as Giant Mine Faces Strike

Copper bears could get caught wrong-footed as a strike looms at the world’s biggest mine. In the U.S., hedge funds’ bearish bets outnumber bullish wagers by the most since 2016, latest government data show. The top brokers on the Shanghai ...

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Copper Supply Woes on Show With World No. 2 Mine Output to Halve

A battle over the world’s second-largest copper mine has dogged Freeport-McMoRan Inc. shareholders for more than a year. Now it may be the turn of the copper market. Production at the massive Grasberg pits in Indonesia will more than halve ...

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Base Metals Bottoming Out Despite Trade War Concerns

The base metals index of the London Metal Exchange declined for seven days in a row to extend its rout to the fourth straight week. A key indicator, however, suggests a rebound. The index comprising six primary metals declined 12.5 ...

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