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Zinc, The Summer Slowdown Cools Premiums In Europe And The United States
The seasonal slowdown is progressively reducing activity in Western refined zinc markets. In the week ended Tuesday July 14, European premiums narrowed at the upper end of their ranges, while US prices remained unchanged, confirming a market that has entered the...
Copper Scrap In China, Imports Curbed By US Tariffs, Middle East Tensions And Typhoon Bavi
Chinese copper scrap imports remained limited in the week ended Monday July 13, constrained by a combination of trade uncertainty, geopolitical tensions, extreme weather conditions and limited availability of material complying with Beijing’s strict customs standards....
Hormuz Returns To Square One, Freight And Fuel Costs Under Pressure Again
After several weeks in which the fragile ceasefire between the United States and Iran had fueled hopes of a gradual normalization of the Strait of Hormuz, the situation has rapidly returned close to where it was before the ceasefire. Iranian attacks, US retaliations...
European Nickel Premiums Stable While LME Rises On Sulfur Concerns
European premiums for refined nickel remained unchanged on Tuesday July 14, despite the sharp rise in London Metal Exchange futures prices. The Rotterdam physical market showed substantial stability, while the increase in the exchange price contributed to a further...