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Warrant Premiums In Asia Rise For Copper And Tin, While Scarcity Supports The Most Sought-After Brands
Asian warrant premiums for copper and tin widened on Wednesday July 1, driven by the scarcity of the most requested brands and by increasingly selective physical availability in the region’s main warehouses. The movement did not involve all metals with the same...
Italian Scrap Falls In July, With Weak Demand And Less Active Steel Mills
The Italian scrap market enters the month of July with a clearly bearish structure, confirming and widening the pressures that had already emerged in the final part of June. The climate is that of a slowed, low-liquidity market dominated by very weak steel demand, in...
Base Metals Mixed In Shanghai, With Tin Sharply Higher
Base metals prices on the Shanghai Futures Exchange showed mixed movement during morning trading on Monday July 6, with tin clearly standing out from the rest of the complex. The market moved selectively, with slight positive changes for copper and zinc, limited...
Manganese Ore, The Force Majeure At Port Elizabeth Does Not Shake China
Transnet’s force majeure declaration at South Africa’s Port Elizabeth Bulk Ore Terminal, or PE BOT, has so far had a limited impact on China’s manganese ore market. Despite the importance of the terminal for South African exports, operators indicated that ample stocks...