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Tight Supply Drives Copper Comeback Despite Tariff and AI Risks
Copper rebounded as strong Chinese demand and tight supply offset election-driven tariff and AI concerns. A softer dollar and rising markets also supported metals. >>
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UK Steel Criticizes Budget for Ignoring High Electricity Costs Facing British Steelmakers
ADMR’s nine-month profit rose 55.5% as new aluminium sales boosted revenue, led by exports. Costs squeezed margins, while shares fell 24% year to date. >>
Thailand’s Proposed Scrap Import Ban Could Divert Shipments to India, Asian Markets
Thailand’s proposed scrap-import ban to curb disguised e-waste could disrupt processors and slow trade. Exporters may divert shipments to India and other Asian markets. >>
Copper Prices Weaken, Copper Scrap Market Sees Mediocre Trading
A roughly $300 LME copper slide dragged German scrap prices lower, with copper scrap down €15 per 100 kg. Most other non-ferrous grades fell, while stainless scrap held steady. >>
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CNGR Invests $40M in Jaguar Nickel Mine: Project Economics Explained for Engineers
Glencore and CNGR are investing $40 million in Brazil’s Jaguar nickel project and will buy its forecast output for five years. The deals strengthen funding prospects ahead of a construction decision. >>
Norsk Hydro
Norsk Hydro Warns of Higher Smelting Costs After Quarterly Profit Miss
Norsk Hydro’s Q3 EBITDA rose 52% but missed forecasts as working-capital needs and disruptions squeezed results. Strong European premiums may not offset higher costs and uneven markets. >>
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