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European Hydrogen, The Network Takes Shape But 2030 Moves Further Away
Europe’s future hydrogen network is beginning to take shape, but with much longer timelines than initially envisioned. The first sections of the system, which is intended to extend for approximately 30,000 kilometers, have already been completed in Germany and the...
Asian Copper, Backwardation Above $500 Paralyzes The Physical Market
The Asian copper cathode market practically came to a halt in the week ended Tuesday August 18, crushed by the combination of elevated LME prices and a sudden intensification of backwardation on the London Metal Exchange forward curve. In Shanghai, traders’ offers...
Zinc Concentrates, Chinese TCs Fall Again But Arbitrage Restrains Purchases
Treatment charges applied to zinc concentrates imported into China have become even more negative, confirming the growing competition among smelters to secure an increasingly scarce raw material. Global scarcity continues to strengthen mining companies’ negotiating...
UK Secondary Aluminium, Prices Weaken At The Bottom But Costs Defend The Highs
The UK secondary aluminium market has begun to feel the downward pressure coming from continental Europe, with buyers returning from the summer holidays seeking more favorable conditions. The movement caused a downward widening of the LM24 and LM6/LM25 ingot price...