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US Trade Tensions: Supreme Court Appeal, New Tariffs, and Pressure on Transportation
The Trump administration has decided to appeal to the Supreme Court the ruling that struck down tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The high court has agreed to expedite the case, with hearings scheduled for November and a...
Egyptalum and Alba Evaluate $3 Billion Alumina Refinery in Egypt
On September 3, during the Egyptian-Bahraini Investment Forum held in Cairo, Egyptalum (The Aluminum Company of Egypt) and Aluminum Bahrain (Alba) signed a memorandum of understanding (MoU) to evaluate the feasibility of building an alumina refinery in Egypt, with an...
Metals Markets: Record Cancellations for Aluminum at the LME, Copper Supported by Grasberg
On Tuesday, September 9, new cancellations of aluminum warrants at the London Metal Exchange (LME) reached 67,400 tonnes, a level that significantly outpaced other metals. By comparison, cancellations for zinc and lead stood at 1,000 and 1,025 tonnes, respectively,...
Copper in the United States and Aluminum in Brazil: Diverging Premiums Between Calm and Rises
The US market for cathode grade 1 copper continues to experience a period of calm, with spot premiums stable as of September 9th. According to valuations, the US Midwest cathode premium settled at 4-6 cents/lb, unchanged from the previous week. Four indicators of spot...