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Copper Declines at SHFE, But Fundamentals Remain Solid Amid Material Shortages and Record-Low Processing Costs
Base metal prices on the Shanghai Futures Exchange (SHFE) trended slightly lower during the morning session on Thursday, October 16, with copper experiencing the sharpest decline. Weakness, however, was limited to modest changes, a sign of a market searching for...
US Pig Iron Market Down: Prices Lower Due to Slowing Scrap and Increased Supply
The US pig iron market trended lower in the week beginning Monday, October 13, driven by lower ferrous scrap prices and abundant material availability. Market sources report that prices have fallen by about $10 per short ton since the end of September, with further...
African Copper: Congo and Zambia Focus on Direct Trading to Maximize Profits from Their Resources
The Democratic Republic of the Congo (DRC) and Zambia are redefining their position in the global copper market, aiming to directly valorize their production through metal trading through state-owned entities. This represents a momentous shift for two of Africa's...
Aluminum Premiums Unchanged in the United States and Brazil: Amid Political Uncertainty and Stable Demand
The premium market for primary aluminum P1020A remained stable in both the United States and Brazil in the second week of October, but for profoundly different reasons: in the US, uncertainty surrounding Donald Trump's trade policies and a potential deal with Canada...