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Adani’s New Copper Refinery Starts Operations
Kutch Copper Limited (KCL), a subsidiary of Indian metals giant Adani Enterprises, has started processing copper concentrates at its new refinery in Mundra, Gujarat, on Tuesday, June 17. The news was confirmed by three separate sources this week. However, industry...
China Nickel Pig Iron Prices Decline: Pressure From Weak Stainless Steel
High-grade nickel pig iron (NPI) prices in China fell sharply in the week ended Friday, June 13, as bearish sentiment persisted in the market, fueled by sluggish demand in the stainless steel sector. According to weekly assessments, the spot price for 10-15% nickel...
Limited Impact of Israel-Iran Conflict on Shipping Market
The recent resurgence of conflict between Israel and Iran, which erupted late last week, has not yet had a significant impact on shipping markets. However, geopolitical tensions have rekindled concerns about the security and stability of key global energy routes,...
Trump and Starmer Sign Trade Deal at G7 Summit in Canada
U.S. President Donald Trump and British Prime Minister Keir Starmer signed a major bilateral trade deal at the G7 summit in Kananaskis, western Alberta, Canada. The deal was signed on Monday, June 16, on the sidelines of official meetings, and represents a milestone...