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Aluminum: price falls on strong dollar and demand outlook
Aluminum prices fell today to 17-month lows and most other metals lost ground as faltering global economic growth weakened the demand outlook and strengthened the dollar. The dollar has strengthened in 2022 more than in any year since 1981 and reached a 20-year high...
Aluminum: prices on standby, weighed by weak demand
Shanghai aluminum prices rose Thursday, buoyed by depleted inventories and rising energy costs, but prospects for weakening demand limited gains. Norsk Hydro NHY.OL said Wednesday it will close an aluminum production plant in Slovakia by the end of September,...
HRC steel: price drop in northern Europe with consumption uncertain in September
Market participants confirmed trading at lower prices in the North European hot-rolled coil market on August 9 amid growing uncertainty over September consumption. Northwest European HRC was down at 796 euros/mt, down 1.30 percent from 806.50 euros/mt the previous...
Industrial metals are supported by weakening dollar ahead of U.S. jobs report
Copper and most other base metals continued to find support in the weakening U.S. dollar Friday amid expectations of a slowdown in July job growth in the United States ahead of a much-anticipated jobs report later in the day. Copper prices posted a three-day loss...