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May 1, 2023: LME exchange and Shanghai closed for holiday
The London Metal Exchange (LME) will be closed on May 1, 2023 for the International Labor Day holiday. Trading will resume regularly on May 2. The Shanghai Metal Exchange will be closed from May 1 until May 3, 2023. Trading will resume regularly on May 4, 2023. ...
Steel: Turkish exports down 49.3% in January-March
According to preliminary foreign trade data compiled by the Turkish Statistical Institute (TUIK) and the Undersecretariat of Customs, the country's trade deficit in March this year increased by 0.9% compared to March last year, reaching $8.34 billion. In the...
Nickel: huge supply shortage expected due to booming Indonesian production
The nickel market will face a massive oversupply this year due to booming Indonesian production, which continues to outstrip global demand. The International Nickel Study Group (INSG) forecasts a supply and demand surplus of 239,000 tonnes, the largest in at least a...
Aluminium: Norsk Hydro reports lower than expected first quarter profit
Norwegian aluminium producer Norsk Hydro reported on Friday, as expected, a sharp drop in underlying first-quarter profit, in line with falling metal prices. Adjusted earnings before interest, taxes, depreciation and amortisation fell to 7.5 billion kronor ($705.5...