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Uneven Copper Scrap Discounts In The US Amid High Comex Prices And Strong Export Competition
Persistently high Comex copper prices, combined with uneven demand across end-use sectors, kept US copper scrap discounts uneven in the week to Wednesday January 14. Market participants reported a widening of spreads, particularly for brass mill and refiner scrap...
Ferro-Molybdenum Prices Rise In Europe As Post-Holiday Demand Returns
Ferro-molybdenum prices in Europe increased on Thursday January 15, supported by a clear pickup in demand and stronger buying activity following the typical holiday slowdown. Market participants said there has been a noticeable shift in market dynamics, with more...
Mantoverde Strike Curtails Output But Copper Production Remains Resilient
Operations at Mantoverde Mine are expected to run at between 50% and 75% of normal capacity, as strike action by Union 2 continues, Capstone Copper Ltd said on Thursday January 15. The union, which represents around 22% of the company’s total workforce and roughly...
Base Metals Slide On The SHFE As Tin Leads The Decline
Base metals prices on the Shanghai Futures Exchange (SHFE) moved lower during morning trading on Friday January 16, with tin recording the sharpest decline across the complex. The move reflected a more cautious stance among market participants, following recent sharp...