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Tin: high volatility for prices in 2022
After an almost two-year bullish trend in the tin market, the price has taken a bearish turn. Fueled by the pandemic, the price of tin reached all-time highs. However, buyer exhaustion soon overtook the market, causing prices to fall. Like many other metals, tin...
Aluminum and nickel: possible LME ban ignites price rebound
Aluminum and nickel jumped today, with buying triggered by the possibility that the London Metal Exchange (LME) will ban the new Russian metal from the list of brands that can be delivered against the exchange's contracts. Benchmark aluminum rose more than 8.5 percent...
Aluminum: falling demand prompts Hydro to partially reduce production at Karmøy plant
Falling demand for aluminum billets in Europe, due to adverse European economic conditions and rising energy prices, has prompted the Norwegian aluminum smelter to partially reduce aluminum production at Hydro Karmøy and Hydro Husnes. The move will result in a...
Copper: major Chinese smelters raise processing price to four-year highs
China's major copper smelters set the minimum price of copper concentrate treatment and refining tariffs (TCs/RCs) for the fourth quarter at $93/ton and 9.3 cents/lb, respectively, the highest level in four years. The increase in TCs/RCs indicates that local markets...