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Commodity Insight – Aluminium
The strong rally in aluminium that started in March last year is slowing down slightly. However, prices are above all major dynamic supports (200- and 50-week moving averages). Last week's pullback may have triggered a new upward impulse with short-term targets in the...
Commodity Scrap Insight – International Ferrous Scrap
Settling phase for major international ferrous scrap. Our Commodity Evolution index anticipated an early sideways trend after recent highs. You are unauthorized to view this...
Vale and the state of Brazil fail to reach agreement on Brumadinho
Vale has not reached an agreement for damages related to the deadly Brumadinho dam disaster and negotiations are currently on hold. The state government and Vale met to discuss an agreement, but these negotiations ended unsuccessfully on Thursday. In November, the...
Chinese steel prices end 2020 on the upside
Chinese steelmakers would not have predicted such a robust month of December, even though steel prices have emerged from a deep depression since last April and remained on an upward trend as economic and industrial activity recovered for the rest of the year. China's...