Copper Smelters Supported By By-Products In A Distorted Market
The copper smelting sector is going through an unprecedented phase, where smelter margins are increasingly linked to revenues from by-products. In a context characterized by deeply negative TC/RCs and tight concentrate supply, elements such as sulfuric acid, gold and...
SHFE Base Metals Rise Amid Geopolitical Tensions and a Weak Dollar
Base metals markets on the Shanghai Futures Exchange opened the day with a predominantly positive outlook, supported by a combination of macroeconomic and geopolitical factors. The international environment, marked by the deterioration of relations between the United...
LME Stocks: Aluminium Collapse And Broad Rise In Other Metals
March marked a turning point for London Metal Exchange stocks, with sharply diverging dynamics across key metals. On one side, aluminium recorded a significant drop in inventories, while on the other copper, zinc and tin showed strong increases, reflecting a shift in...
US Stainless Scrap Between Downward Pressure And Mixed Signals
The US stainless steel scrap market is moving through a complex phase, characterized by downward pressure on key prices and mixed signals on the demand side. Over the past week, prices for main stainless steel grades edged lower, while the nickel alloy segment showed...
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