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Nickel: price rose 25% in the morning
The price rose 25% (3 Months to $36,550/mt), leading the rally in industrial metals as supply concerns grew in the wake of escalating Russia-Ukraine conflict and sanctions against Moscow. April's most-traded nickel contract on the Shanghai Futures Exchange jumped 12...
Copper: what are the factors for a continuation of the current rise in prices
Copper prices rose sharply after the Russian invasion of Ukraine, as disruption of trade routes and economic sanctions limited supplies. Immediately after the invasion, the price fell to $9,918/ton, but then, with the announcement of sanctions, the price rose to...
Ferrous scrap: Turkish imported scrap prices rise to all-time highs
Considering the ongoing trade tensions between Russia and Ukraine, prices of imported scrap in Turkey have risen to record highs. Moreover, supply has become difficult for exporters through the Black Sea. The sharp rise in raw material prices has led to a strong...
Aluminum: Australian production could be affected by the conflict between Russia and Ukraine
Australian aluminum production could be affected by the Russia-Ukraine conflict if major aluminum company UC Rusal joins the growing list of Russian entities to be sanctioned. UC Rusal owns or partially owns aluminum refineries, smelters, and mines on five continents,...