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Bearish Scrap Sentiment Impacts US Pig Iron Market
The US pig iron market was pessimistic in the week ending Tuesday, September 2nd, primarily due to bearish expectations for prime scrap. According to several market sources, pig iron producers fear a possible price decline if primary scrap were to fall by around...
Base Metal Prices Divergent at SHFE: Aluminum Leads Gains
Base metal prices listed on the Shanghai Futures Exchange (SHFE) showed divergent trends in the morning session on Friday, September 5, with aluminum emerging as the day's best performer. At 10:30 a.m. Shanghai time, the most traded contracts (October) were as follows...
Southeast Asian Market Sluggish: The Weak Side of Imports
The Southeast Asian aluminum scrap market continued to show signs of weakness in the week ending Tuesday, September 2. Importers moved with extreme caution, held back by the usual seasonal pause and a global environment that did not favor aggressive buying. In...
India Approves $170 Million Plan to Support Lithium Battery Recycling
The Indian government has taken a significant step to strengthen its supply chain resilience for critical minerals. During its meeting on September 3, the Cabinet approved a six-year incentive plan worth 15 billion rupees (approximately $170 million), from the 2025-26...