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SHFE Base Metals: Broad-Based Gains with Lead in Focus
On Thursday, September 11, the most traded contracts on the Shanghai Futures Exchange (SHFE) showed a predominantly positive trend, with broad-based gains, with lead standing out as the best performer of the day. Prices (October) recorded at 10:30 a.m. (Shanghai...
US Trade Tensions: Supreme Court Appeal, New Tariffs, and Pressure on Transportation
The Trump administration has decided to appeal to the Supreme Court the ruling that struck down tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The high court has agreed to expedite the case, with hearings scheduled for November and a...
Egyptalum and Alba Evaluate $3 Billion Alumina Refinery in Egypt
On September 3, during the Egyptian-Bahraini Investment Forum held in Cairo, Egyptalum (The Aluminum Company of Egypt) and Aluminum Bahrain (Alba) signed a memorandum of understanding (MoU) to evaluate the feasibility of building an alumina refinery in Egypt, with an...
Metals Markets: Record Cancellations for Aluminum at the LME, Copper Supported by Grasberg
On Tuesday, September 9, new cancellations of aluminum warrants at the London Metal Exchange (LME) reached 67,400 tonnes, a level that significantly outpaced other metals. By comparison, cancellations for zinc and lead stood at 1,000 and 1,025 tonnes, respectively,...