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Metal Warrants, US Copper Rises With LME-CME Arbitrage While Asia Redraws Stocks
The base metals warrant market showed selective movements on Wednesday June 17, with copper in the United States standing out strongly thanks to the arbitrage window between the London Metal Exchange and CME, while in Asia changes in stocks continued to reflect...
Heavy Plate In Europe, Prices Slightly Higher Amid Production Costs And Quota Uncertainty
The European heavy plate market showed a slight strengthening in the week ended Thursday June 18, with prices moderately higher in both Italy and Germany. The movement does not signal a real acceleration in demand, which remains broadly stable and cautious, but rather...
European Secondary Aluminium, Prices Resilient Despite The Sharp Fall In The LME
The European secondary aluminium market showed notable resilience, resisting the sharp fall in aluminium prices on the London Metal Exchange. In the week ended Friday June 19, the downward pressure from financial benchmarks failed to transfer significantly into...
Recycled Aluminium, Hydro Calls For A 30% Fee On European Scrap Exports
Norsk Hydro, Europe’s largest aluminium producer, has called for the introduction of a 30% fee on aluminium scrap exports, relaunching one of the most sensitive issues for European industry: the need to retain more secondary raw material within the continent. The...