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Iron ore: price remains stable despite blockade of Chinese steel hub
The price of iron ore remained steady on Wednesday despite the Tangshan steel city’s decision to implement a temporary blockade. The Tangshan government implemented the blockade on Tuesday to avoid further cases of covid-19 as infections increased. Although...
Copper: how the Russian threat affects international trade
Copper prices have remained quite amid the chaos that has engulfed the London Metal Exchange (LME) this month. The London copper market was briefly shaken by the collapse in margins that triggered the 8 March suspension of the LME nickel market, with a short-lived...
Steel: Russian steel producers agree to move away from LME peg
The Russian Ministry of Industry and Trade and steel producers have agreed to move away from pegging domestic prices to the London Metal Exchange (LME) and calculate them in roubles. The use of the rouble component in the calculation of domestic prices will also be...
Heart of metals’ confidence falters for London Metal Exchange
The first squeeze that plunged the London Metal Exchange into an existential crisis occurred more than a century ago. In 1887, French industrialist Pierre Secretan cornered the copper market, causing prices to double first before taking profits, causing the market to...