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US Nonferrous Metals Market: Diverging Dynamics Amid Oversupply, Tariffs, and Seasonality
The US spot copper market remained weak in the week ending Tuesday, September 2, driven by both oversupply and slow trading following the Labor Day holiday. The premium for Grade 1 copper cathodes, delivered direct to the US Midwest, hovered between 4 and 6 cents/lb,...
US Tariffs: Federal Appeals Court Rules IEEPA-Based Measures Unlawful
A US federal appeals court has upheld the US Court of International Trade's ruling that the president's use of the International Emergency Economic Powers Act (IEEPA) to impose tariffs was unlawful. The measure, initially adopted by Donald Trump, involved tariffs...
China Lifts Restrictions on Rare Earths to India: A Step With Strong Global Repercussions
In a move that could reshape the balance of global supply chains and international relations, China has announced the lifting of restrictions on rare earth exports to India. The decision affects not only these strategic minerals, but also fertilizers and tunneling...
Silver Surges Above $40: New Highs Since 2011 Driven by US Rate Expectations
Spot silver prices surpassed $40 an ounce, reaching their highest levels since 2011, driven by growing expectations of interest rate cuts by the Federal Reserve. On Tuesday morning, prices rose $40.69/oz, while gold hit an all-time high of $3,500/oz, set in April. The...