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Zinc: more mining suspensions loom if prices remain below $2,400/mt.
Weak demand from the construction industry has pushed zinc prices to levels that leave some producers with little profit, and a prolonged period below $2,400 per ton could trigger production cuts. Used for galvanizing steel, zinc on the London Metal Exchange touched...
New EU sanctions require proof of import from non-Russian third countries
Under the 11th sanctions package announced Friday, EU importers of sanctioned steel products that were processed in a third country will now have to provide proof that the inputs used did not come from Russia. The tightening of restrictions on steel imports...
Aluminum: EU’s cross-border adjustment mechanism deals a blow to Indian industry
The EU's implementation of the Cross-Border Adjustment Mechanism (CBAM) poses a significant challenge to India's aluminum industry and the global aluminum price. The move stems from the EU's desire to address carbon emissions and achieve zero emissions by 2050....
Tension on the LME stock exchange as it awaits the ruling in the nickel case
The LME stock exchange is awaiting the outcome of the lawsuit filed by two financial firms for cancelling nickel contracts, concerned about possible limitations on their ability to react in crisis situations if the LME loses. Whichever side wins, in the lawsuit that...