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Base Metals Warrants: Premiums Stable But Asian Stocks Decline
Base metals warrant premiums remained largely stable in the assessment on Wednesday September 9, despite generally weak demand. Behind the apparent lack of movement in quotations, however, the geographical distribution of inventories continued to change significantly....
China’s Battery Recycling Market: Black Mass Declines Ahead Of The Holidays
China’s battery recycling market weakened in the week ending Thursday September 10. Both payables for NCM black mass and prices for LFP black mass declined, while refiners and recyclers adopted an increasingly cautious approach to spot purchasing. The approaching...
European Aluminium In Backwardation: Metal Shortage Supports Premiums
The European primary aluminium market recorded a sudden acceleration in backwardation, which rose to $24.50 per tonne on Thursday September 10, from just $0.50 per tonne at the beginning of the week. The $24 increase in a few days signals growing tension in prompt...
Shanghai Zinc: Premiums Stable And Import Arbitrage Still Unfavorable
Shanghai zinc premiums remained unchanged in the week ending Tuesday September 8. Import arbitrage recovered part of its losses from the previous week, but remains deeply negative and insufficient to reactivate purchases of overseas metal. The traditional seasonal...