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SHFE Metals Down Despite Central Bank of China Rate Cut
The morning session of Tuesday, May 20, showed a predominantly bearish trend for non-ferrous metals listed on the Shanghai Futures Exchange (SHFE), bucking the domestic macroeconomic context. In fact, the People’s Bank of China (PBOC) announced a cut in its benchmark...
LME Base Metals Rebound on Weaker Dollar
Non-ferrous metals prices on the London Metal Exchange (LME) performed mostly positively on Monday, May 19, rebounding sharply from the broad-based declines seen on Friday. The rebound was supported by a strengthening of risk appetite, following the weakening of the...
End of Correction: Italian Ferrous Scrap Market Could Rise Again
After recording an average decline of €30/t in April, the Italian ferrous scrap market has marked a turning point. In the week just ended, most of the deals closed on stable values compared to those of late April, but some producers have started to adjust their...
Democratic Republic of Congo (DRC) Set to Review Cobalt Export Ban
The Democratic Republic of Congo (DRC), the world’s largest cobalt producer, has announced its intention to review the temporary ban on cobalt exports, introduced on February 22 for an initial duration of four months. This was confirmed by Mines Minister Kizito...