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UK Secondary Aluminium Higher: Tight Scrap, Resistant Costs And Falling LME Put The Market Under Tension
The UK market for secondary aluminium ingots recorded a new increase in the latest week, supported by persistent scrap tightness and spot transactions concluded at higher levels. The movement occurred despite the sharp decline in aluminium prices on the London Metal...
Steel Rebar In Italy: Prices Defended By Producers, But Demand Remains Waiting
The Italian market for rebar for reinforced concrete seems to have entered a phase of stagnation, with limited exchanges, cautious buyers and producers intent on defending the levels reached in recent weeks. After a phase of progressive increase, the market today...
European Metal Premiums: Aluminium In Sentiment Recovery, Copper Stable And Zinc Sharply Higher
The European non-ferrous metals market is showing a phase of strong divergence among the main physical segments. Aluminium recorded a weakening of premiums in Rotterdam, but sentiment improved with the easing of LME backwardation. Copper remained stable, with European...
Nyrstar Under Investigation In Belgium: Governance, European Zinc And A Case Weighing On The Sector
The group Nyrstar NV, controlled by Trafigura, has been placed formally under suspicion by a judge in Antwerp, Belgium, as part of an investigation concerning alleged accounting and corporate irregularities. The alleged charges include forgery, use of false accounts...