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Aluminium: price forecast for July
This paper has been produced by Commodity Evolution’s research department, analysing the macroeconomic and technical environment in order to provide an overall view on primary aluminium. It is not news that the London Metal Exchange (LME) has seen a sharp...
Copper: world stock market metal stocks fall to 15-year lows
There is a renewed rush for copper in London Metal Exchange (LME) warehouses. In the past three weeks, LME copper stocks have fallen from 100,100 to 77,050 tons, despite nearly 30,000 tons of arrivals. What arrives turns just as quickly into new output. The available...
Crude steel: production falls 5.1% in May
World crude steel production of the 63 countries belonging to the World Steel Association (worldsteel) was 161.6 million tonnes (Mt) in May 2023, down 5.1% from May 2022. Africa produced 1.3 million tonnes in May 2023, an increase of 18.6% compared to May 2022. Asia...
Aluminium: prices hovering between Russia’s problems and LME
Aluminium prices still do not have enough strength to form a bearish or bullish trend, as quotations have not yet broken out of range significantly, there is no clear trend and the market remains highly volatile. The LME continues to have a Russian problem. After a...
