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Rush for Copper Concentrates: Mercuria and Glencore Block Offtake with Prepayments of Over $450 Million
The global copper concentrate market closed 2025 with a strong and unequivocal signal: major trading houses are accelerating to secure supplies ahead of a 2026 that promises to be even more tense on the supply side. In the final days of December, Mercuria and Glencore...
Copper Concentrates: 2026 Opens with TC/RC at Record Lows and New Supply Tensions
The global copper concentrate market began 2026 without any signs of easing, confirming treatment charges and refining charges (TC/RCs) at historically negative levels. The start of the year was marked by reduced volumes, operators still cautious after the holiday...
US Aluminum Scrap: Exports to Grow in 2025, But 2026 Looks Full of Uncertainties
Despite a significant increase in aluminum scrap exports during 2025, sentiment among US market participants remains cautious—if not pessimistic—as they look ahead to 2026. The future outlook is burdened by a combination of tight supply, weak domestic demand, cost...
Shanghai Base Metals: Weakness Prevails as First Week of the Year Begins, Lead Under Pressure
The start of the first full week of trading of the new year on the Shanghai Futures Exchange (SHFE) was marked by a predominantly weak tone for base metals. On the morning of Monday, January 5th, most contracts recorded declines compared to their close on Friday,...