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Key Macroeconomic Indicators for Base Metal Prices (2015-10-26)

The People’s Bank of China (PBOC) announced to cut the country’s benchmark lending rate by 0.25 percentage point to 4.35% on October 23. The PBOC also cut the reserve requirement ratio (RRR) for all banks by 0.5 percentage point to ...

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Eastern China ferrous scrap rises again on stronger rebar prices

Ferrous scrap prices in rose for the second straight week in eastern China on the back of stronger rebar prices in the Yangtze River Delta region with 18-25mm diameter HRB400 rebar in Shanghai being assessed up Yuan 40/mt Friday. Platts assessed heavy ...

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Nickel Asia in expansion mode despite weak metal prices

Business Recorder reported that Nickel Asia Corporation the Philippines’ top nickel ore producer and exporter will acquire stakes in two smaller miners to expand its resource base by 24% keeping an upbeat view on global demand despite falling prices. Nickel ...

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Palladium Price Weakness Weighs Down Precious Metals Worldwide

Without major central bank actions, precious metals will continue to fall in Q2 and possibly longer.   The decline that began in February has taken hold and looks to be a long-term trend that won’t end, based on market forces alone, for ...

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Cheap Oil is Inflating Palladium Price

America’s renewed love affair with the automobile is tightening global supplies of palladium, a metal rarer than gold . While each car requires only a few grams of palladium, demand in 2015 will probably exceed supply for a fourth consecutive year, according ...

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Anglo blames weak metal prices as key turnaround target delayed

Global miner Anglo American said on Tuesday it aimed to slim down its workforce and warned of a delay in reaching a key return on capital target due to weaker metal prices, putting its long-term revamp strategy in doubt. The ...

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Ruble Drop Helps Russian Metal Companies Skirt Selloff

Russian metal and mining companies are winning back investors’ favor this year, avoiding a broader selloff in equities as the weakening ruble helps boost their profits from exports. Eight of the 10 best performers in the RTS Index (RTSI$) in 2014 are ...

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Indonesia’s Constitutional Court Leaves Nickel Ore Export Ban in Place

Indonesia’s Constitutional Court upheld the country’s ban on exports of raw mineral ores imposed in January, rejecting a challenge from mining companies. The court ruled the prohibition was acceptable to ensure ore supplies to domestic smelters. The Indonesian Association of ...

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Vale Increases Nickel Output to Fastest Pace in 6 Years

Vale SA, whose $18 billion base-metal incursion was beset by a slew of delays and stoppages, is growing nickel output at the fastest pace in 6 years at a time of tumbling prices for the stainless steel ingredient, Bloomberg News reported.   ...

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Rusal Predicts Flat Aluminum Market For Next 3 Years

A recent report by Reuters quoted comments from UC Rusal Deputy Chief Executive Oleg Mukhamedshin at London Metal Exchange Week saying the world’s largest producer did not intend to bring any idled production back onstream for the next 3 years ...

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