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Turkish Seaborne Scrap Market Stalls After Brief Recovery
The Turkish seaborne ferrous scrap import market has stalled again after the recent price decline that had triggered a brief buying spree. According to a report by Commodity Evolution on Tuesday, September 16, trading activity has again stalled, with the last...
Europe Should Focus on Energy Storage, Not Challenge China in Car Batteries
According to Ken Hoffman, CEO of the consulting firm Traubenbach Associates, the European battery industry should not attempt to compete with China in the production of electric vehicle batteries. Speaking at the European Battery Raw Materials Conference in Lisbon...
US Galvalume Market: Prices Steady, Weak Demand, and Soaring Rates
The US market for galvalume—hot-dip galvanized steel coated with zinc and aluminum alloys—was unchanged in September, with prices assessed by Commodity Evolution at $44.75/cwt ($895/short ton) fob mill on September 16, stable compared to the previous month and only...
European Copper Cathode Market: Weak Demand and Declining Premiums
The European A-grade cathode copper market continued to show signs of weakness in the first half of September, unable to find the momentum needed to reverse the downward trend. The CIF Rotterdam premium, assessed by Commodity Evolution, fell to $130-$150/t on...