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Japanese Aluminum Premium Rises Sharply: Sentiment Drives More Than Fundamentals
The recent surge in aluminum premiums in Japan is driven not by fundamentals, but by market psychology. This, in short, is the assessment of sources interviewed by Commodity Evolution during the week ending Friday, November 21. The trend in the MJP premium—considered...
European Stainless Steel Scrap Prices Stable, But Market Focuses on Exports
The European stainless steel scrap market is approaching the end of November in a surprisingly stable climate. Sources contacted report a fairly solid balance between supply and demand, supported by strong activity at continental steel mills and an adequate supply of...
Italian Scrap Market: Apparent Stability Ahead of Year-End
A week later, the picture of the Italian scrap market remains largely unchanged. Sources consulted confirm a "substantially unchanged" situation, fully consistent with the phase of equilibrium that has long characterized the domestic steel sector. There are no...
Global Copper Market: Rebounding Production, Solid Demand, and Rising Inventories
Copper, the quintessential barometer of global economic health, continues to tell a complex story of production expansions, operational vulnerabilities, and demand that, while showing signs of strength, struggles to fully offset rising supply. According to preliminary...