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Zinc close to 2750$/ton area
Zinc’s downturn started on March 23 approached the first intermediate support in the area 2750$/ton (April 1, 2021). This intermediate level could give way, leaving room for quick pullbacks towards $2720. Also on a statistical level, in the last 5 years of...
Bullish market outlook drives Chinese steel futures to all-time highs
Chinese steel futures prices have reached all-time highs lately, driven by bullish expectations for demand and the likelihood that steel production restrictions will remain in place throughout the year. The resulting rise in steel prices has bolstered the profits of...
Aluminum close to $2300 area
Aluminum quotations continue to strengthen, a situation due to currently unsustainable delivery times and costs. Despite this, prices are approaching a fundamental psychological level of $2300/ton. A lot of volatility will be created at these prices. Indicators on a...
An additional 10 million tons of copper is needed to meet demand
Within a decade, the world could face a massive shortage of what is arguably the most critical metal for global economies: copper. The copper industry needs to spend more than $100 billion to close what could be an annual supply deficit of 4.7 million metric tons by...