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Aluminum Market Tension: European and US Premiums Rise Sharply Amid Production Outages, Tariffs, and Supply Tightness
The European primary aluminum market has entered a period of severe tension, with premiums rising sharply over the past week. The main cause? The sudden production outage at the Icelandic smelter Nordural Grundartangi, operated by Century Aluminum, which reduced its...
EU Strikes Evraz: New Sanctions Tighten Clampdown on Russian Steel
With the 19th package of trade sanctions announced on October 23, the European Union for the first time included the Evraz PLC group, a steel and mining giant headquartered in London but with its operational heart in Russia. The measure, part of a strategy to weaken...
Shanghai Metals Rise: Copper and Tin Lead Gains Amid US Rate Cut Expectations
Prices of most base metals listed on the Shanghai Futures Exchange (SHFE) rose on the morning of Wednesday, October 29, supported by expectations of a further interest rate cut by the US Federal Reserve and signs of trade easing between the United States and China. As...
US Alternative Iron Prices Steady — Scrap Expectations Rise, But Pig Iron Remains Balanced
The US alternative iron market (pig iron and DRI) remained stable in the week ending Monday, October 27, with traders anticipating a possible recovery in ferrous scrap in the coming weeks, but with no immediate changes in commodity pig iron prices. “The scrap market...