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ADC12, Futures Rise But Automotive Weakness Holds Back Japan And China
The rise in aluminium prices on futures markets failed to revive physical demand for secondary ADC12 alloy in Asia. In the week ending Wednesday September 2, spot prices remained broadly subdued in both the Japanese import market and the Chinese domestic market, held...
Rare Earths, $100 Million Investment In Missouri To Recycle Strategic Magnets
The United States is taking another step toward building a domestic rare earth supply chain. IonicRE, through its subsidiary Ionic Rare Earths USA, and US Strategic Metals will build a magnet recycling facility near Fredericktown, Missouri, with an initial planned...
European Zinc Between Record Prices And Supply Fears: Italian Premiums Narrow
The European zinc market is going through a phase of growing tension, suspended between London Metal Exchange prices close to the psychological threshold of $4,000 per tonne, concerns about the future availability of metal and demand that continues to show strong...
Asian Stainless Steel Falls Again: Cheaper NPI And Weak Demand Weigh On The Market
Stainless steel prices in Asian markets continued to decline for the second consecutive week. In the week ending Wednesday September 2, lower raw material costs and persistently weak demand placed renewed pressure on prices, both in the Chinese domestic market and in...