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Base Metals Down on Shfe, Zinc Leads Market Losses
Base metal prices on the Shanghai Futures Exchange (SHFE) weakened broadly on Tuesday morning, July 1, reflecting still-fragile market sentiment and slowing industrial demand. Zinc led the decline, suffering the steepest decline of the day. As of 10:30 a.m. Shanghai...
China NPI Prices Decline for Fourth Straight Week
China nickel pig iron (NPI) prices continued their downward trajectory for the fourth straight week through Friday, June 27, weighed down by persistent weakness in the downstream stainless steel market and lower raw material costs. According to market sources, the...
Peru Strike Adds to Tensions in European Zinc Market
A strike at one of Peru’s major zinc refineries threatens to exacerbate an already tense supply situation in Europe. Since Wednesday, unionized workers at Brazil’s Nexa Resources’ Cajamarquilla refinery in Lurigancho have been protesting after failed wage...
Scrap Market Tension: European Domestic Demand Slows, While High-Quality Material Prices Surpass Primary
The European primary and secondary foundry alloys industry slowed its purchases of aluminum scrap in June 2025, as a persistent supply squeeze pushed the prices of high-quality material even above those of primary aluminum. This anomalous situation is putting further...