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Aluminum: prices in break out phase
Primary aluminum listed on the London Metal Exchange continues its upward move (+1.95 percent as of 12:00 GMT+1), with the third consecutive positive session. Prices currently appear to be in the process of breaking out (breaking to the upside) of an important...
Thermal coal: back to the situation before the invasion of Ukraine
The global thermal coal market has returned to the situation before Russia’s attack on Ukraine, with prices of most types of seaborne coal falling to pre-invasion levels, while volumes have remained stable. Prices of seaborne thermal coal surged after the Feb....
Cot Report metals: positive signs on the speculative side
After the decidedly negative phase of the last few months, triggered between July and October, depending on the reference metal, there have been first signs of recovery, widely predicted on Oct. 26 by our study office (link here). Another useful tool for forecasting...
Copper: Escondida getting closer to production shutdown
Unionized workers at the Escondida mine in northern Chile have rejected the latest offer from BHP (ASX, LON, NYSE: BHP), which was seeking to avoid a strike at the world’s largest copper mine at a time of global supply shortages and high prices. The Australian...