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Base Metals Mixed In Shanghai, With Lead Standing Out
Base metals prices on the Shanghai Futures Exchange showed a mixed performance on the morning of Wednesday July 8, with lead standing out as the best performer in the complex. The market continued to move selectively, reflecting a still fragile balance between...
Gotion Invests In Spain To Strengthen The European Battery Supply Chain
Chinese battery materials producer Gotion is aiming to invest more than €940 million, equal to around $1.1 billion, to build new facilities in Valladolid, Spain. The project represents a new signal of the growing presence of Chinese capital in the European electric...
Steel Scrap In China Under Pressure, Between Weak Seasonal Demand And Reduced Steel Margins
Spot prices for imported steel scrap in China reversed course in the month ended Thursday July 3, after a phase in which the market had managed to maintain a certain balance. Weighing on sentiment were above all the seasonal weakness in steel demand, reduced steel...
Chinese Zinc Smelters Prepare Production Cuts, While TCs Collapse To Historic Lows
Chinese zinc smelters that are members of the China Zinc Smelter Purchase Team are preparing to reduce production, in an attempt to contain the impact of an increasingly tight concentrates market and economic conditions that have become difficult to sustain. According...