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Russian Steel, Export Prices Stable But With More Limited Availability On Hot-Rolled Coil
Russian steel export prices remained largely unchanged in the week ended Monday May 18, with a market characterized by scarce spot activity, but also by not particularly abundant availability on some categories of flat products. The most relevant movement concerned...
Sherritt Dissolves The Moa JV In Cuba: Concerns Grow Over Nickel And Cobalt
Canada’s Sherritt has dissolved the Moa Nickel-Cobalt joint venture in Cuba, a 50/50 partnership with Cuba’s General Nickel Company, opening a new phase of uncertainty for the nickel and cobalt market. The decision immediately fueled concerns among operators,...
El Niño Rekindles The Energy Risk For European Metals
A possible strengthening of the El Niño phenomenon is bringing the attention of European metals markets back to the most delicate theme of recent years: energy cost. The climate risk arrives at a time when European energy infrastructure is already under strong...
SHFE Base Metals Fall Across The Board, With Tin Still Under Pressure
Base metals prices on the Shanghai Futures Exchange recorded a generalized decline in the morning of Wednesday May 20, confirming a more fragile market and one sensitive to the worsening of the Chinese macroeconomic picture. After some sessions characterized by mixed...