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Base Metals at SHFE: Mixed Prices as Nickel Drops Sharply
During morning trading on Tuesday, September 9th, on the Shanghai Futures Exchange (SHFE), base metals showed mixed trends, with nickel recording the sharpest decline. As of 10:30 a.m. Shanghai time, compared to the 3:00 p.m. close on Monday, September 8th, the most...
Marcegaglia Updates Steel Tubular Price List: Increases in Logistics and Raw Material Costs
Italian tubular and steel manufacturer Marcegaglia has updated its price list for carbon fiber tubes, reflecting increased raw material and logistics costs. As explained by Sales Director Enrico Paladini, the update specifically reflects increased external...
Chinese Secondary Copper Smelters Struggle with Competition and Tax Policies
Fierce competition for raw materials and ongoing tax changes are seriously hindering Chinese secondary copper smelters. According to market sources contacted by Commodity Evolution on Friday, September 5, several scrap-fired plants began reducing operating rates as...
The Paradoxical History of Chinese Aluminum: Between Record Imports and Massive Exports
China is unique in the global aluminum landscape. In 2024, it produced nearly 43 million tons of primary aluminum, more than half of global production. Yet, in the same year, it imported over 3 million tons of primary metal—primarily from Russia—and simultaneously...