This Morning in Metals: U.S. steel imports down 19%
Agmetalminer - Steel imports down 19%
U.S. imports of steel through July were down 19% year over year, according to the American Iron and Steel Institute (AISI). In July alone, however, imports reached 2.69 million net tons, or up 92% from the previous month.
Zambia eyes Glencore’s Mopani Copper Mines
According to Reuters, the Zambian government wants to take a controlling stake in Glencore’s Mopani Copper Mines in the country.The country’s mines minister Tuesday said Zambia’s mining investment arm is looking for a controlling stake in the mines. ZCCM-IH, the investment arm, currently has a 10% stake, Reuters reported.