Nickel and tin led the pack in trading among base metals, with the rest of the complex demonstrating minimal movements on Wednesday July 25. Read more here in our live futures
Here are how prices looked at the close of trading:
Members of the main union at the
Escondida copper mine in Chile are holding meetings to counter BHP's latest
contract offer, and the union will officially vote on July 28 on whether to accept the deal or
Early negotiations are under way
on a labor contract at the Cerro Verde mine in Peru, the
country’s largest copper operation, according to majority owner
Freeport-McMoRan increasedits copper production by 13.4% in the first half of the year, led by major
output gains at Grasberg in Indonesia. Freeport also is seeking an extension of its Indonesian subsidiary’s temporary special license that would allow it to remain in effect until all definitive agreements on its
mining rights in the country are complete.
steelmaker Metinvest will decrease its pig iron shipment volumes because of planned increases to steel
production once a new continuous casting machine starts up at its Ilyich
Steel mill in Mariupol.
domestic hollow steel sections made in Europe remained flat this week but the preliminary decision made in the European Union's safeguard case could push up prices soon.
Finally, Domestic prices
for hot-rolled coil in Europe have gone up slightly over the past week, supported by the effects of the
preliminary decision in the EU safeguard case.