CBAM Expands Downstream: Brussels Prepares a Turning Point for Steel and Aluminum
The European Commission has announced a key step in the evolution of the Carbon Border Adjustment Mechanism (CBAM), which will have a profound impact on the European steel and aluminum industrial chains. Starting January 1, 2028, the mechanism will also be extended to...
Specialty Alloys Rise in China: Ferro-Silicon and Tungsten Driven by Costs, Scarcity, and Sentiment
The Chinese specialty alloy market strengthened sharply in the week ending Wednesday, December 17, with ferro-silicon and tungsten experiencing a bullish phase fueled by structural and contingent factors. In both cases, the price movement reflects a delicate balance...
Base Metals at the SHFE: Mixed Performance with Tin Still Leading the Way
The morning session on Thursday, December 18, at the Shanghai Futures Exchange (SHFE) revealed a mixed picture for base metals, with limited movements across most markets and a renewed, sharp acceleration in tin, which remains the strongest metal at the moment. At...
Industrial Metals: Between Weak Demand and New Global Equilibria
Industrial metals markets are undergoing a profound reshaping, characterized by declining trade flows, under-pressure premiums, and an overall cautious sentiment among operators and end users. Aluminum, zinc, and nickel—three pillars of the global manufacturing...
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