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European Stainless Steel Scrap Prices Stable, But Market Focuses on Exports
The European stainless steel scrap market is approaching the end of November in a surprisingly stable climate. Sources contacted report a fairly solid balance between supply and demand, supported by strong activity at continental steel mills and an adequate supply of...
Global Copper Market: Rebounding Production, Solid Demand, and Rising Inventories
Copper, the quintessential barometer of global economic health, continues to tell a complex story of production expansions, operational vulnerabilities, and demand that, while showing signs of strength, struggles to fully offset rising supply. According to preliminary...
Metals Down at SHFE Amid Mixed Fed Expectations
The week began with a cautious mood on the Shanghai Futures Exchange (SHFE). On the morning of Monday, November 24th, prices for most base metals began to decline, as market participants attempted to navigate conflicting macroeconomic signals and divergent...
Rio Tinto Assesses Surcharges on Aluminum for the US: Inventories at Low and Market Tension
The US aluminum market is once again under pressure. This time, however, it's not just the effect of tariffs or global price fluctuations, but a shortage of supplies so severe that it's prompted one of the world's largest mining giants, Rio Tinto Group, to assess an...