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Base Metal Prices Rise on the SHFE, With Tin Rising Strongly
During the morning trading session on Friday, August 1st, on the Shanghai Futures Exchange (SHFE), most base metal contracts saw increases in price, with the exception of aluminum, which declined slightly. Tin performed best, driven by signs of extremely tight supply...
Indian Aluminum Scrap Importers Remain Cautious: US Tariffs and Currency Volatility Weigh Down
For the second consecutive week, Indian aluminum scrap importers have been reluctant to conclude new bookings, due to the US announcement of new trade tariffs on imports from India, which took effect on August 1st. Several market participants reported this to...
Glencore Copper Production Collapses: -26% in First Half of 2025
Mining and commodities trading giant Glencore reported a 26% decline in copper production in the first half of 2025, highlighting the serious difficulties even the world's largest producers are facing in meeting growing demand in an increasingly unbalanced market. The...
Trump Delays 30% Tariff on Mexican Imports by 90 Days
US President Donald Trump has granted Mexico a 90-day extension to conclude a bilateral trade agreement, thus avoiding—at least temporarily—the imposition of 30% tariffs on all Mexican imports. The decision, announced via social media on Thursday, July 31, came just...