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China’s Alumina Price: Driven by Supply Problems and Rising Demand
The Chinese commodities market has seen a notable increase in the price of alumina, one of the main materials used for aluminium production. On 8 November 2024, the Shanghai Metals Market (SMM) reported an average of RMB 5,391 per tonne for alumina, adding to a series...
China and the Gold Market: A Pause in the Race for Reserves and Price Swings
China, a major global player in the gold reserves market, held steady in October, deciding for the sixth consecutive month not to increase its gold reserves. According to official data released on Thursday, China's gold reserves currently stand at 72.8 million troy...
China Pushes Up Iron Ore Imports and Reaches Record Steel Export Levels: The Key Role of Economic Stimulus
October was a pivotal month for China's iron ore and steel markets, with ore imports rising and steel exports booming. Thanks to massive economic stimulus packages from Beijing, Chinese steelmakers saw their margins improve, boosting demand for raw materials and...
Trump and His Re-election: Return of Tariffs and Trade Tensions for Metals and Industrial Sectors in Europe and the UK
Donald Trump's recent re-election has shaken metals markets, particularly for copper, steel and aluminium, bringing attention back to the risks associated with new tariffs and the possible reversal of energy transition policies in the US. The price of copper on the...