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NCM Black Mass, The US Ban Pushes Asian Payables Higher But Cobalt Weakness Restrains The Market
The Asian black mass market is entering a phase of profound reorganization. Payables for NCM material — containing nickel, cobalt and manganese — increased again in the week ended Wednesday August 26, while the incoming US export ban fueled concerns over future...
Chrome Ore Moves Countercyclically, Chinese Buying Supports Prices While Ferro-Chrome Weakens
The international chrome market is showing an increasingly evident divergence between raw material and alloy. Prices for South African UG2/MG concentrates increased in the week ended Tuesday August 25, supported by strong demand from Chinese smelters, declining port...
US Aluminium, The Midwest Premium Remains High While Tariffs Freeze The Spot Market
The primary aluminium premium in the United States remained substantially stable in the week ended Tuesday August 25, but behind the limited change in values, a phase of profound trade uncertainty developed. The negotiations between the United States and Canada over a...
Asian Stainless Steel Declines, Chinese Inventories Rise And Sellers Sacrifice Margins
Stainless steel prices in Asian markets declined in the week ended Wednesday August 26. Weak demand and the continuing increase in Chinese inventories pushed sellers to prioritize volumes over margins, reducing offers in an attempt to secure orders and clear...