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China Alumina Prices Rebound: Market Resumes Momentum After National Holiday
After the week-long hiatus for China's National Day celebrations, the domestic alumina market rebounded strongly, with prices rising by 2.08 euros per ton, bringing the total cost to 535.57 euros per ton as of Oct. 8, 2024. This increase reflects a monthly growth of...
Hot-rolled steel (HRC) prices in Europe: Calm in the market despite manufacturers’ attempts to raise prices
Hot-rolled steel (HRC) prices in Europe rose on Friday, October 4 (+1.49 percent). Buyers have shown skepticism about the sustainability of any uptick, given weak demand. The price of HRC Coils in Northern Europe stood at 542 euros/mt on Friday. Compared to the...
Elliott Associates Loses Appeal Against LME Over Canceled Nickel Contracts: A Victory for Global Market Stability
Hedge fund Elliott Associates has suffered a major legal defeat after the London Court of Appeal dismissed its appeal against the London Metal Exchange (LME) regarding the $12 billion nullified nickel trade dispute. This verdict reiterates the importance of protecting...
The Chinese Stimulus Plan: A confidence boost for commodities?
China has launched the largest economic stimulus package in years, causing a positive reaction in commodity markets. As mainland markets reopen after a week of national holidays, we are expected to see whether or not this rally can continue. The package of measures,...