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Steel wire rod: exports to Turkey fell by 59% in January-July
According to data provided by the Turkish Statistical Institute (TurkStat), Turkey's wire rod exports fell 59% year-on-year to 289,410 tonnes in January-July. Exports were recorded at 50,693 tonnes in July this year, up 17.8% month-on-month and down 55.8%...
Nickel: the Shanghai Exchange is exploring a potential rival to the LME
The Shanghai Futures Exchange (ShFE) is examining the possible launch of nickel futures for international use, a potential challenge to the London Metal Exchange (LME) contract. The ShFE studied the structure of the nickel market and supply and demand at the...
Copper: price trades in a narrow range as rising shares offset dollar support
LME-listed copper is currently trading in a narrow range as investors weighed rising stocks and a gloomy demand outlook against support from a weaker US dollar. Three-month copper on the London Metal Exchange was trading in the $8,396/mt area (+0.06%) at 09:41 a.m....
Aluminium: international associations publish action plan ahead of G7 trade ministers’ meeting
The Aluminium Association of Canada, the European Aluminium and the Japan Aluminium Association have published a joint paper for the Group of 7 (G7) trade ministers ahead of their meeting in Osaka, Japan, next October. The document, Aluminium Supply Chain Pathways to...