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Copper: touched 3-week highs after other Chinese cities loosened restrictions from COVID
Industrial metals are on the upswing, with copper touching a three-week high thanks to the partial easing of COVID-19 restrictions in major metals consumer China, boosting hopes of a full reopening of the economy. Three-month copper on the London Metal Exchange is up...
Aluminum: demand in North America continues to grow
The Aluminum Association, as part of its monthly report on the state of aluminum, has released preliminary estimates showing 6.3 percent year-over-year demand growth for the aluminum industry in North America (U.S. and Canada) through the third quarter of 2022. "We...
Rare earth: global supply chains on alert
Since March 2022, after a historic price rise, global rare earth prices have begun a sideways phase. Contrary to their name, rare earths are not rare. However, they are rare in concentrated quantities. This makes extraction difficult. With China in an uncertain...
Nickel: European premiums under pressure as demand picks up
Spot premiums for refined nickel briquettes came under further pressure in Europe on Tuesday after continued availability of material in the region drove prices down. The premium for nickel briquettes-Warehouse Rotterdam stood at $743/mt on Nov. 28, down 67 percent...