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Nickel Spot Premiums Decline: Elevated LME Prices Weigh On Liquidity
The European refined nickel market is experiencing a phase of contraction in spot premiums, in a context characterized by extremely reduced liquidity. In the week ending Tuesday February 10, premiums for the different forms of refined nickel recorded a decline,...
Guinea Pushes Ahead With Bauxite: Output Rising Despite Price Retreat
Despite the recent price retreat, bauxite producers in Guinea appear determined to continue expanding supply. The ore, a key raw material for aluminium production, remains one of the pillars of the West African country’s economy. During the Mining Indaba in Cape Town,...
Base Metals Rise In Shanghai: Nickel Leads The Rally Amid Supply Tensions
Wednesday February 11 opened with a show of strength for the base metals complex traded on the Shanghai Futures Exchange (SHFE). Prices recorded a broad-based upward move, with nickel standing out as the clear leader of the session, sharply outperforming the rest of...
Steel In China Heads Toward The Holiday Pause: Stable Prices, Thin Trading And A Market On Hold
As the Lunar New Year holidays approach, the Chinese steel market is gradually entering a defensive mode. Trading activity is thinning out, market participation is declining and caution has become the key word across the entire value chain. On Tuesday February 10,...