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Copper: nearly unbridgeable gap between demand for green energy and mining supply
The need for new copper supplies over 10 years is estimated at 9.7 million tons, from projects that have not attracted sufficient investment, have not been approved by the boards, or have not received the necessary government and environmental permits, to meet the...
Primary aluminum: market in deficit until August 2022
Total primary aluminum stocks declined over the eight-month period, closing at 598 thousand tons below end-2021 levels. The report on metal balances from January to August 2022, published by WBMS, indicates that the primary aluminum market closed in deficit by 797...
Nickel: the situation is getting ever worse
Possible sanctions on the Russian metal, lawsuits, a battle to regain confidence, and a slump in nickel trading after the March fiasco are just some of the headwinds facing the London Metal Exchange as the industry prepares to convene in the British capital. Market...
Copper: China may buy more Russian material to dampen expected premium increase
Buyers of refined copper in China, the world's largest consumer of the red metal, may increase their purchases of Russian supplies next year to reduce the impact of an expected premium increase from other global producers. According to market sources, premiums from...