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Historic Agreement Between the United States and Japan on Reciprocal Tariffs
The United States and Japan have reached a trade agreement that sets a reciprocal tariff of 15%, US President Donald Trump announced on Tuesday, July 22. The agreement represents a significant easing of trade tensions between the two allies and marks a step forward...
European Nickel Premiums Decline and Tighten in July
Nickel premiums in Europe declined and tightened during the week ending Tuesday, July 22, amid a flat spot market, according to several industry sources. The trend reflects a weak demand and ample supply environment, which negatively impacted market participants'...
Rebar Prices in India Hit Record Lows: Weak Demand and Monsoons Push Down
Rebar prices in India hit a record low on July 22, according to Commodity Evolution, marking the lowest level since price tracking began in February 2022. This decline is due to persistent weakness in demand and a seasonal slowdown related to the monsoon season. On...
Mixed Movements in Global Primary Aluminum Premiums
Global primary aluminum premiums saw mixed movements in the week ending Tuesday, July 22, amid ongoing uncertainty, tight material availability, and low liquidity, market participants told Commodity Evolution. In Europe, the premium for duty-paid P1020A aluminum...