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European Metals Market: Zinc Premiums Decline, Tin Stagnation Amid Weak Demand and Limited Inventories
The European primary zinc market weakened again in the week ending October 28, with premiums falling and spot trading virtually stagnant. According to data from Commodity Evolution, the premium for SHG min. 99.995% zinc FCA Rotterdam and Antwerp duty-paid fell 4% to...
Aluminum Market Tension: European and US Premiums Rise Sharply Amid Production Outages, Tariffs, and Supply Tightness
The European primary aluminum market has entered a period of severe tension, with premiums rising sharply over the past week. The main cause? The sudden production outage at the Icelandic smelter Nordural Grundartangi, operated by Century Aluminum, which reduced its...
EU Strikes Evraz: New Sanctions Tighten Clampdown on Russian Steel
With the 19th package of trade sanctions announced on October 23, the European Union for the first time included the Evraz PLC group, a steel and mining giant headquartered in London but with its operational heart in Russia. The measure, part of a strategy to weaken...
Shanghai Metals Rise: Copper and Tin Lead Gains Amid US Rate Cut Expectations
Prices of most base metals listed on the Shanghai Futures Exchange (SHFE) rose on the morning of Wednesday, October 29, supported by expectations of a further interest rate cut by the US Federal Reserve and signs of trade easing between the United States and China. As...