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Nickel Pushes Asian Stainless Steel To Three-Year Highs
The Asian stainless steel market recorded a sharp increase in the week ending Wednesday May 6, reaching the highest levels seen in the last three years. The movement was mainly driven by nickel, whose sudden rise caused a surge in production costs and a rapid increase...
Canada Launches A 1.5 Billion Dollar Plan To Defend Steel, Aluminium And Copper From US Tariffs
The Canadian government announced a new 1.5 billion Canadian dollar economic support program to help industries affected by US metal tariffs and contain the effects of growing trade tensions with Washington. The initiative, presented on Tuesday May 4, represents one...
Trafigura Bets On Egypt To Strengthen The Global Aluminium Supply Chain
Egypt is preparing to become one of the new strategic hubs of the global aluminium industry. Global commodity trading company Trafigura and Egyptian producer Egyptalum announced the signing of a term sheet for the development of a major new aluminium production...
Nickel Leads The Rally Of Base Metals On The SHFE Amid Logistics Tensions And Supply Fears
Base metals listed on the Shanghai Futures Exchange (SHFE) showed a mostly positive trend during morning trading on Thursday May 7, in a context dominated by growing tensions surrounding industrial raw materials and concerns related to global supply chains. The main...