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Iron ore: prices up as Shanghai prepares to reopen
China's iron ore futures touched 900 yuan ($135.00) per ton for the first time in nearly six weeks as hopes for a recovery in demand rose after Shanghai's financial hub prepared to reopen from closures. On Monday, Shanghai officials announced the end of a two-month...
Reduction in stocks could mean greater volatility in LME metal prices
Falling inventories in the London Metal Exchange's registered warehouses mean that price fluctuations in metals such as copper, tin, and zinc are likely to be a common feature that could last for some time. The recovery of the manufacturing industry after the lifting...
Steel: flat products will stabilize, Metinvest says
According to Roberto Re, Metinvest's head of Western Europe, prices for hot-rolled sheets and coils will stabilize in the short term due to improving global demand. For European producers, the "red line" for hot rolled steel prices is approaching due to high gas and...
Zinc: Low stocks fuel zinc rally to 3-week highs
Zinc prices rose Monday to more than three-week highs on the back of loosening COVID blocks in China and expectations of stronger demand in the main consumer, low inventories and a falling dollar. Benchmark zinc on the London Metal Exchange is up from May lows at...