Vale Expects Jump in base Metal Performance in 2020

Brazil’s Vale, the world’s top iron ore producer,is expecting major improvement in the performance of its base metals division in 2020 but said that production cuts would remain effect this year and next while prices remain low, executives said. Chief Executive Fabio Schvartsman forecast a major jump for the segment in 2020. Base metals are
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The European Union sees little chance of relief from controversial U.S. metal tariffs before mid-2019 while aiming for a narrow trans-Atlantic trade deal to avert any extra American automotive duties, according to one of the bloc’s officials. The European Commission’s current talks with the U.S. to reduce trans-Atlantic market barriers for industrial goods should keep
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Chinese copper fabricators and importers are scrambling to divert or resell cargoes of U.S. copper scrap en route to China after Beijing hit such imports with a 25-percent duty as the trade row with Washington deepens, sources said. U.S. scrap metal, waste paper and plastics cargoes arriving in China from Aug. 23 will incur the
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The investors who helped bid up the price of LME copper to a four-year high of $7,348 a metric ton last month are beating a path to the door. Holdings of investment funds in Chicago copper futures this month crashed to a net short position for the first time since the election of U.S. President
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