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Chinese Zinc, Arbitrage Fails to Take Off: Small Cargoes and Caution Slow Exports
For months, the international market had been eyeing China with a mixture of interest and anticipation. The opening of the arbitrage window between the London Metal Exchange (LME) and the Shanghai Futures Exchange (SHFE) had fueled hopes of seeing a veritable surge in...
BHP Abandons Anglo American Race: A Strategic Shift in Global Copper
It's the end of one of the most closely watched pursuits in the global mining sector. On Monday, November 24, Australian giant BHP officially announced that it will no longer attempt to acquire Anglo American, ending a strategic maneuver that had fueled expectations...
Asian Billets Stalled: Prices Unchanged, Market Paralyzed by Chinese Volatility
The apparent calm that characterized the Asian steel billet market on Thursday, November 20, is actually the reflection of deep-seated nervousness. In a context dominated by futures volatility in China, buyers preferred to hold off on all initiatives, waiting for a...
US Aluminum Scrap Prices Steady or Rising: Exports Revive Market
In the week leading up to Thanksgiving, the US aluminum scrap market showed surprising resilience. Despite slowing domestic activity—a now typical phenomenon in the run-up to the holidays—prices remained stable or slightly higher, thanks to an unexpected factor:...