Steel, Aluminum, Copper, Stainless, Rare Earth, Metal Prices, Forecasting | MetalMiner

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This morning in metals news, a Turkish conglomerate is reportedly ready to step into the British Steel process if Jingye Group’s takeover effort falls apart, copper prices fell to a two-week low and an Indonesian company aims to augment its aluminum production.

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Cengiz reportedly ready if Jingye’s British Steel bid falls apart

As Chinese firm Jingye Group attempts to push through its takeover bid of the liquidated British Steel, Turkish conglomerate Cengiz Holdings is ready to step in if talks fall apart, The Guardian reported.

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The International Copper Study Group (ICSG) reported global copper mine production fell 0.3% through the first 10 months of 2019.

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According to the ICSG, concentrate production during the period was flat, while solvent extraction-electrowinning fell 1%.

Production in Chile declined 0.2%, according to the ICSG, as a result of lower copper head grades and production disruptions earlier in the year.

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