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Trafigura Wins $500 Million Nickel Case: UK Court Confirms Large-Scale Fraud
The global trading house Trafigura has obtained a key legal victory in the long-running court battle against Prateek Gupta, a Dubai-based businessman, and his trading companies, closing a dispute worth around $500 million linked to a large-scale nickel fraud scheme....
Stainless Steel Prices Fall In China: Weak Demand And Lower Futures Weigh On The Market
During the week ended Wednesday February 4, stainless steel prices in China declined in both the domestic and export markets, affected by progressively weakening end-user demand and by falls in stainless steel and nickel futures values. Producers and traders reported...
Base Metals Retreat On The SHFE: Profit-Taking And Macro Tensions Push Prices Lower
Base metals prices on the Shanghai Futures Exchange (SHFE) recorded a sharp correction during morning trading on Thursday February 5, with tin leading the losses, weighed down by a broadly risk-off market environment across global financial markets. At 10:30am...
Consolidation In The North American Service Center Sector: Kloeckner Strengthens Its Position With The Acquisition Of Camalloy
The process of consolidation in the North American service center sector continues at a sustained pace. Kloeckner Metals Corporation, which is set to soon become the second-largest service center on the continent, has announced the acquisition of non-ferrous...