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Copper: future supply/demand will decide the metal’s trend
Copper's rally, which has more than doubled since its all-time lows, has been fueled by the widespread belief that demand for the benchmark metal will receive a massive boost, not only from a post-pandemic economic boom, but also from the global push for...
Copper: backwardation scares off Codelco’s Chinese customers
Codelco's Chinese customers are reluctant to sign copper supply agreements in 2022 at the highest premium in seven years because of strong backwardation in the copper market. Backwardation is a structure in which prices for immediate delivery (cash) are higher than...
Tin: best annual performance of non-ferrous metals
Tin remains the superstar on the London Metal Exchange of industrial metals. At $37,350 per tonne, the LME's three-month tin is up 77% since the start of the year, far outperforming aluminium, which is the second best performer with a gain of "only" 26%. LME stocks...
Aluminium: Russia should remove export tax
Expectations that Russia will remove taxes on aluminium exports and increase global supplies have triggered a sell-off in inventories that has reduced prices for the metal on the physical market in Europe and the US. As the reduction in aluminium stocks accelerates,...