Base metals prices on the London Metal Exchange were on divergent paths at the close on Thursday January 25, with the weak dollar still the key supportive factor. Nickel and tin each rose by more than 1.3% on the day. Read more in our live futures report
Here is how prices looked at Thursday's close:
Rio Tinto Plc is in preliminary talks to sell its stake in the Grasberg mine
to the Indonesian government, according to Freeport-McMoRan's chief executive.
Singaporean trading house Kyen Resources is opening a London office
to expand its operations into Europe, starting with aluminium and concentrates trading.
Eurofer, the European steel association, is getting ready to file a complaint to the European Commission (EC) alleging that Russian rebar is being dumped
, sources told Metal Bulletin.
India's Jindal Steel & Power increased its steel and pellet output
in the fourth quarter of 2017, with the company raising its earnings for the quarter by nearly 26%.
German steel producer Salzgitter plans to invest $185 million into upgrading facilities
to process an additional 200,000 tonnes of heavy plates by 2020.
Russia's Magnitogorsk Iron & Steel Works increased its output of downstream products by 6.1% year over year
in 2017 amid improved demand from the automotive industry and railcar producers.
Turkish flat steel exporters say they don't expect any sharp moves
in steel prices in 2018.