Lead prices were up by more than 2% at the close of trading on the London Metal Exchange on Thursday August 23, while nickel, copper and tin prices struggled to maintain the midweek relief rally amid a resurgence of US-Sino trade tensions. Read more in our live futures report
Here are how prices looked at the close of trading:
Korea Resources Corp (Kores) has initiated a sale process for its 10% stake
and offtake agreement in First Quantum’s Cobre Panama copper mine, four sources with knowledge of the matter told Metal Bulletin.
China’s cobalt tetroxide prices have been under pressure
over the past few months from high inventories, weak spot demand and substitution by battery makers, market participants said.
Mining companies active in the Democratic Republic of the Congo have formed a new body to engage
with the government on industry concerns about the country’s new mining code and any other material issue concerning the mining industry.
ArcelorMittal remains committed to its acquisition
of Italian flat-rolled steel producer Ilva and to acting as a responsible owner and operator of the business, a company spokesman said on Thursday. A day earlier, Italian minister for economic development Luigi Di Maio said that the tender for the Ilva sale might be invalid
The biggest steel producer in the United Arab Emirates, Emirates Steel, has rolled over offer prices for September