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Iron Ore Prices Rise Despite Steel Industry Weakness
The iron ore market rallied this week, surprisingly contrasting with the overall weakness of the steel industry. Analysts are struggling to explain this trend, as China's steel production and domestic consumption levels are yet to show convincing signs of recovery....
Secondary Ingot Prices Rise in Europe, But Scrap Remains Weak
The European secondary aluminum ingot market rallied in the week ending Friday, September 26, thanks to an extension of buying interest from the previous week. According to market sources, suppliers managed to secure slightly higher prices for deliveries expected in...
Zinc Market: Massive Withdrawals from LME Inventories Not Driven by Real Demand
In recent months, several traders have increased zinc withdrawals from LME-registered warehouses, but these movements do not appear to be linked to an increase in physical demand. LME inventories in Asia fell to 41,950 tonnes as of September 29, the lowest level since...
US Aluminum: Between Trump’s Tariffs and the Energy Challenge With Artificial Intelligence
In his second term, US President Donald Trump expanded Section 232 tariffs on aluminum imports, aiming to incentivize domestic primary production. The tariffs have pushed up the Midwest premium for P1020A aluminum, but industry players maintain that the real issue...