Rising coal prices are squeezing aluminum supply globally

Tightening coal supplies, toughening emissions standards have forced some provinces in China to ration coal-fired power production. According to Reuters, output curbs have hit steel, aluminum and cement industries particularly hard. About 7% of aluminum production capacity has been suspended. It is believed some 2.33 million tonnes per year of aluminium smelter capacity has been […]

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Onion prices show hefty rise on stock damage across India; fresh kharif produce awaited

Onion prices have increased by Rs 750 a quintal over the past ten days in markets across Maharashtra’s Nashik district, the commodity’s hub. But, prices are likely to head south once early Kharif onion begins arriving next month. Traders have raised the prices citing damage to stocks in storages. The rise in prices will also […]

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Iron ore price tumbles below $ 100 a tonne, as China steps up restrictions

The iron ore price extended its slump below $100 a tonne as China stepped up restrictions on industrial activity in some provinces.  The world’s biggest steelmaker is intensifying production curbs to meet a target for lower volumes this year as it works toward a target of reaching carbon neutrality by 2060. According to Fastmarkets MB, benchmark 62% Fe fines […]

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Copper price at 1-month low on global sell-off as Evergrande crisis intensifies

Copper prices fell to one-month lows on Monday as traders tracked the risk of contagion from the debt crisis at property developer Evergrande, which is fueling new fears about China’s growth path. Copper for delivery in December fell 3% from Friday’s settlement price, touching $4.116 per pound ($9,166 per tonne) midday Monday on the Comex […]

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