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Metal Stocks in LME Warehouses Collapse: Only 690,000 Tons at End of March
According to the most recent data released by the London Metal Exchange (LME) on Thursday, March 10, the total volume of open-tonnage stocks-that is, immediately available inventories in LME-authorized warehouses-fell to 690,517 tons as of March 31, down 20.72 percent...
Tariffs And Geopolitics Don’t Scratch Long-Term Fundamentals Of Copper Market
Globally imposed tariffs are creating a phase of short-term volatility in the copper market, but they are not altering the underlying belief about long-term fundamentals. This was argued by Katie Jackson, managing director of Rio Tinto Copper, in a recent interview...
Trade Tension Between China And U.S. Drives Base Metals Prices Down On SHFE
All major base metals listed on the Shanghai Futures Exchange (SHFE) suffered significant declines in the morning session on Friday, April 11, amid a climate dominated by widespread panic among market participants. The main fear concerns the escalation of the trade...
European Union on Hold: Temporary Stop to Countermeasures Against US Duties on Steel and Aluminium
The European Commission (EC) has decided to temporarily suspend the introduction of trade countermeasures against the United States, planned in response to Washington's tariffs on steel and aluminium. The decision comes in the aftermath of President Donald Trump's...