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Hormuz Returns To Square One, Freight And Fuel Costs Under Pressure Again
After several weeks in which the fragile ceasefire between the United States and Iran had fueled hopes of a gradual normalization of the Strait of Hormuz, the situation has rapidly returned close to where it was before the ceasefire. Iranian attacks, US retaliations...
European Nickel Premiums Stable While LME Rises On Sulfur Concerns
European premiums for refined nickel remained unchanged on Tuesday July 14, despite the sharp rise in London Metal Exchange futures prices. The Rotterdam physical market showed substantial stability, while the increase in the exchange price contributed to a further...
Recycled Aluminium, China And Japan Accelerate Toward The Closed-Loop Model
Asia’s aluminium industry is entering a new phase, in which scrap is no longer considered merely a second-choice raw material intended for progressively lower-value applications. Major industrial groups in China and Japan are increasing their use of secondary...
Alumina, Indonesia Pushes Australian Prices Higher While China Regains Balance
The international alumina market is going through an increasingly divergent phase between the Pacific region and China. On one side, Western Australian FOB prices continue to remain at elevated levels, supported by lower inventories at refineries and by growing demand...