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New Metals Market Rules: LME Takes Action on Excessive Stocks and Dominant Positions
The London Metal Exchange (LME) has decided to take urgent action on its market, following a worrying decline in available stocks in warehouses and an increase in futures positions held by some financial operators. From Monday 23 June, new temporary rules called...
NPI Prices Decline for Third Straight Week
China's nickel pig iron (NPI) price fell again in the week ending Friday, June 20, marking the third consecutive decline and hitting its lowest level since March 28, 2024. The decline was mainly driven by the poor performance of the stainless steel sector and a...
US Aluminum Scrap Market: Broad-Based Stability, But Early Downside Pressure
The US aluminum scrap market has continued to be stable, particularly in secondary smelters and secondary aluminum alloys. However, some scrap categories began to see slight downward pressure in the week ending Thursday, June 19, aided by recent declines in premiums...
DRC-Rwanda Peace Deal: Between Good Intentions and Market Skepticism
A US-brokered peace deal is scheduled to be signed on June 27 between the Democratic Republic of the Congo (DRC) and Rwanda. However, market participants in tantalum and tin, two critical commodities for electronics and technology, have serious doubts about the deal’s...