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Bauxite Declines And Alloys Stagnate: Two Markets, One Climate Of Weakness
The Guinean bauxite market showed signs of weakening on February 13, in a context characterized by oversupplied fundamentals and limited demand. Commodity Evolution’s weekly assessment for bauxite, fob Guinea, stood at 36-38 dollars per dry metric tonne (dmt), down by...
Europe On Pause: Scrap Between Lunar New Year And Ramadan
European markets for both ferrous and non-ferrous scrap are entering an unusually synchronized seasonal slowdown. The overlap between the Lunar New Year, which will begin on February 17, and the Islamic holy month of Ramadan, expected between February 18-19 and March...
Steel Between Europe And India: Weak Consumption And Pricing Strategies
The European hot-rolled coil (HRC) market continues to move with extreme caution. Trading activity remained subdued on February 13, in a context dominated by high stocks and still weak real consumption. Operators report that many customers are still working through...
Molybdenum On The Run: The Langeloth Outage Fuels A Global Upward Spiral
The molybdenum market continues to experience a phase of extreme tension. On February 12 prices continued their run, supported by persistent supply disruptions linked to the outage at the Langeloth plant. Commodity Evolution assessed ferro-molybdenum 65-70% Mo, in-whs...