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Hot-rolled steel (HRC) prices in Europe: Calm in the market despite manufacturers’ attempts to raise prices
Hot-rolled steel (HRC) prices in Europe rose on Friday, October 4 (+1.49 percent). Buyers have shown skepticism about the sustainability of any uptick, given weak demand. The price of HRC Coils in Northern Europe stood at 542 euros/mt on Friday. Compared to the...
Elliott Associates Loses Appeal Against LME Over Canceled Nickel Contracts: A Victory for Global Market Stability
Hedge fund Elliott Associates has suffered a major legal defeat after the London Court of Appeal dismissed its appeal against the London Metal Exchange (LME) regarding the $12 billion nullified nickel trade dispute. This verdict reiterates the importance of protecting...
The Chinese Stimulus Plan: A confidence boost for commodities?
China has launched the largest economic stimulus package in years, causing a positive reaction in commodity markets. As mainland markets reopen after a week of national holidays, we are expected to see whether or not this rally can continue. The package of measures,...
Rusal doubles capacity at Boguchansky plant: a boost to Siberia’s aluminum industry by 2030
Russian aluminum giant Rusal recently announced an ambitious plan to double the production capacity of its Boguchansky plant, located in Siberia, to 600,000 tons by 2030. This project marks a major expansion for one of the world's leading aluminum producers outside of...