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Zinc: low stocks and the only metal currently in backwardation
Three-month zinc prices on the London Metal Exchange are trading at a strong premium to cash prices (backwardation situation - cash prices>3-month prices), due to buying fuelled by nervousness about availability in the LME as stocks have reached record lows....
Aluminium: US considering 200% tariff on Russian metal
The United States is considering raising the tariff on imports of Russian-made aluminium to 200% in an attempt to increase pressure on Moscow over the war in Ukraine, but the decision has not yet been made. The Russian metal has been targeted by the US after being...
Copper: First Quantum suspends loading operations in the port of Cobre Panama
First Quantum said on Monday that its subsidiary Minera Panama, the operator of the Cobre Panama copper mine, has suspended copper loading operations at the port of Cobre Panamá. According to the company, a resolution was issued by the Panamá Maritime Authority...
Nickel: investments in Indonesian industry
Indonesia is courting Tesla Inc to invest in the country, which has become a key player in the electric vehicle industry thanks to its rich nickel reserves. In just three years, Indonesia has signed more than a dozen agreements worth over $15 billion for battery...