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(Updates prices) HANOI, April 27 (Reuters) - Copper prices hit a 10-year high on Tuesday over supply worries in top producer Chile and as investors hope for an improvement in global demand amid a stable economic recovery and green investments. The most-traded June copper contract on the Shanghai Futures Exchange jumped as much as 3.5% to 72,820 yuan ($11,230.38) a tonne, a level unseen since February 2011. It closed up 3% at 72,480 yuan a tonne. Three-month copper on the London Metal Exchange hit $9,965 a tonne, its highest since March 2011, before retreating to $9,921 a tonne by 0705 GMT, still up 1.7%. Copper is often used as a gauge for global economic health and is used in electric vehicles and renewable energy productions. ....
Teck signs zinc benchmark deals at $159/t with Glencore, Korea Zinc Image: Teck Resources’ Red Dog mine in northwest Alaska. Teck Resources and its smelter customers Glencore and Korea Zinc have nearly halved treatment and refining charges (TC/RCs) in a deal for 2021 to $159 per tonne due to tight mine supply, Fastmarkets reported. Sign Up for the Copper Digest Sign Up The companies are major players in the metals sector, and Teck and Korea Zinc’s agreement on yearly processing charges, that miners pay smelters, often establishes a benchmark widely used throughout the industry. Fastmarkets reported that the deals, which are 46% lower than the near $300 a tonne set last year, were concluded last week and will be for supply from Teck’s Red Dog mine in Alaska. ....
China rare earths extend surge on worries over Myanmar supply, inspection threat mining.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining.com Daily Mail and Mail on Sunday newspapers.
Интересные факты о пользователях продукции Apple from-ua.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from from-ua.com Daily Mail and Mail on Sunday newspapers.
Anti-dumping investigation could lead to higher costs for European steelmakers – report In the electric arc furnace process, the cold metallic charge, mainly scrap, is melted by the energy of electric arcs generated between the tips of graphite electrodes and the conductive metallic charge. (Image by Stephane Gaudry, Wikimedia Commons). European steelmakers using electric arc furnaces (EAFs) could see higher costs in their production lines as a result of a recent skirmish between Chinese exporters of synthetic graphite electrodes and Europe-based manufacturers. Around 41% of European (EU27+UK) crude steel is produced via EAFs, which allow for greater use of recycled scrap steel products and which require the use of synthetic graphite electrodes that cannot be substituted with other types of lower performance carbon electrodes. ....