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European Copper And Zinc, Backwardation Freezes Trading But Does Not Erase Premiums
The European industrial metals market is going through an apparently contradictory phase: demand is weak, spot trading is almost absent, but physical premiums continue to hold at elevated levels. The phenomenon affects both copper cathodes and refined zinc, although...
Steel And Aluminium, US And Canada Negotiate Tariff Cut To 25%
The possible reduction from 50% to 25% of US tariffs on Canadian steel and aluminium imports has revived the hopes of North American market participants. The news, however, has not yet received official confirmation and the market, after months of announcements and...
Huayou Cobalt Reports Record First Half Thanks To High-Nickel Materials
Zhejiang Huayou Cobalt closed the best first half in its history, supported by the rapid growth in shipments of cathode materials and ternary precursors. The vertical integration of the supply chain allowed the Chinese group to absorb the increase in raw-material...
Nickel and tin lead the SHFE, but Indonesia remains the market’s pivotal issue
Base metals opened the August 20 session on the Shanghai Futures Exchange with a mixed performance. Nickel recorded the largest gain in the complex, followed by tin, while aluminium was the only main contract to move into negative territory. Behind nickel’s rise, two...