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Base Metal Prices Down On The SHFE: Nickel Leads Losses
During the morning of Monday, April 28, prices of base metals traded on the Shanghai Futures Exchange (SHFE) experienced a general decline, with nickel leading the decline. According to data taken at 10:30 a.m. local time, these were the most traded contract prices...
Trump’s Duties Shake Global Market: Europe’s Automotive On Alert
President Donald Trump's recent announcement regarding the introduction of a 25 percent tariff on all automotive imports to the United States has rattled the European automotive industry. The measure, which went into effect on April 3, has caused widespread concern...
Freeport-McMoRan Warns: Proposed Duties Could Raise Purchase Costs in U.S. by 5%.
U.S. copper giant Freeport-McMoRan said proposed duties by the U.S. government could increase the cost of goods purchased within the country by about 5 percent. This increase would mainly be due to cost shifting by suppliers, the company said in its quarterly report...
Primary Aluminum Premiums Globally Stable, But U.S. And China Report Slight Decline
In the week ended Tuesday, April 22, primary aluminum (P1020A) premiums remained stable overall in major global markets. However, the United States and China showed slight declines, mainly due to macroeconomic factors and trade tensions related to the tariff war...