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Steel: Chinese prices may weaken in December
Chinese steel prices could fall this month due to further weakening domestic demand and abundant supply. The stimulus policies announced by the Chinese central government in November to support the economy and boost consumer confidence do not seem likely to give the...
Copper: prices rebound on hints of rate slowdown and improving Chinese demand
Fifth consecutive day of rises for copper prices, with a momentary weekly gain of 5 percent as traders priced in bets on a slowdown in the pace of U.S. interest rate hikes and China's reopening. Three-month copper on the London Metal Exchange held at $8,373/mt, as of...
Steel: Nucor and Dofasco raise sheet metal prices
North American steel mills Nucor and ArcelorMittal Dofasco have raised plate prices. Electric arc furnace (EAF) steel producer Nucor, one of the largest, raised its price by $60/ton yesterday due to new orders. Market participants had been waiting for Nucor to...
Cobalt: plummeting Chinese demand and rising supplies
Forward negotiations for cobalt 2023 have taken a challenging turn for sellers following a severe drop in Chinese demand, which has put pressure on prices and left the market well-supplied ahead of next year's expected surplus. This, after 2022 was supposed to be a...