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LME Stocks, Copper Rebounds While Concentration By Origin Increases
London Metal Exchange stocks ended August with profoundly different dynamics across the six main metals. Copper returned to growth following two months of heavy outflows toward the United States, but remained well below end-June levels. For zinc, Chinese material...
Aluminium Scrap And Secondary Alloys, The US Market Remains In Balance
The US market for aluminium scrap destined for secondary smelters and for recycled alloys moved through the week ended September 10 without widespread changes. Following the long Labor Day weekend, activity remained limited and many consumers have sufficient...
SHFE Metals Decline, With Tin Leading Losses Amid Interest Rates And Rising Inventories
Base metals traded on the Shanghai Futures Exchange opened the week in negative territory, penalized by stronger expectations of an increase in US interest rates. Tin recorded the sharpest decline, falling by 2.04%, while also being affected by a seventh consecutive...
Imported Slab Prices Rise In Italy, But Trading Remains Weak
Prices for imported slab destined for the Italian market increased during the past week, supported by more expensive Chinese material and the progressive tightening of offer levels. Trading activity, however, remains limited: buyers are proceeding cautiously, while...