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Shanghai Bonded Stocks, Copper Falls While Arbitrage Restrains Imports
Stocks in Shanghai’s bonded warehouses were predominantly stable in August, with one exception: copper, which declined from July because of export opportunities and limited overseas inflows. Aluminium, zinc and nickel instead maintained the previous month’s...
Zinc, TCs Remain Negative As Chinese Smelters Compete For Domestic Concentrate
China’s zinc concentrate market remains under pressure despite stability in the latest treatment charge assessments. Unfavorable import arbitrage is restraining overseas purchases and prompting smelters to prioritize domestic material, intensifying competition for...
Nickel And Cobalt, Sherritt Warns On Going Concern: Fort Saskatchewan’s Future Uncertain
Sherritt International has flagged material uncertainty over its ability to continue operating as it seeks the resources needed to restart activities. The warning from the Canadian mining and energy company adds uncertainty to the future of the Fort Saskatchewan...
SHFE Metals Decline, Tin Feels The Effects Of AI Caution And Chinese Weakness
Base metals on the Shanghai Futures Exchange are trading mostly lower on Tuesday morning, September 15. Tin records the largest decline, followed by copper and zinc, while aluminium is the only metal in the group to remain in positive territory. Caution over the...