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Can copper smelters survive shrinking margins?
Smelters may choose to increase their use of secondary materials, including scrap, to mitigate their losses.
Smelters may choose to increase their use of secondary materials, including scrap, to mitigate their losses.
Aluminum market rattled and US mines face a harsh reality
Non-ferrous recycled metals supply slump continues, but for how long? And ferrous recycled metals forecast to be cloudy for May.
The LME aluminum price has overcome an important resistance level at $2,300/mt but it remains to be seen if support can be built above that level.
Pittsburgh-based aluminum company Alcoa wants to acquire its Australian partner, Alumina Limited, in an all-stock deal valued at $2.2 billion.