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LME Stocks Up Sharply In April: Russian Aluminum And Chinese Copper Drive Global Stocks
Total stocks on warrants in warehouses registered on the London Metal Exchange (LME) reached 827,565 tons as of April 30, up sharply from 690,517 tons at the end of March, according to official data released May 12. The increase -- nearly 20 percent month-on-month --...
Swinging Prices For Iron Ore Between Tariffs And Resuming Demand
The global iron ore market has experienced a veritable roller coaster in recent days. Futures, including the most active September contracts on the Dalian Commodity Exchange (DCE) in China, fell about 2 percent on May 8, hurt by two key factors: trade tensions between...
Copper EQ Cathode Premiums At Historic High In Shanghai And Southeast Asia
Equivalent grade (EQ) copper cathode premiums, i.e., non-exchange-registered, destined for import in Shanghai and Southeast Asian countries, reached historic highs in the week ended Tuesday, May 13. According to market participants, this spike was the result of a...
Base Metals Prices On The Rise On The Shanghai Futures Exchange
During the morning of Wednesday, May 14, prices of base metals listed on the Shanghai Futures Exchange (SHFE) showed a generally positive trend, with widespread rises among the major industrial commodities. Of all, it was zinc that registered the most significant...