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Aluminum close to $2300 area
Aluminum quotations continue to strengthen, a situation due to currently unsustainable delivery times and costs. Despite this, prices are approaching a fundamental psychological level of $/ton 2300. At these prices there will be a lot of volatility. Indicators on a...
An additional 10 million tons of copper is needed to meet demand
Within a decade, the world could face a massive shortage of what is arguably the most critical metal for global economies: copper. The copper industry needs to spend more than $100 billion to close what could be an annual supply deficit of 4.7 million metric tons by...
China’s steel suppliers brace for cut in tax rebates
China's steel mills and traders are gearing up to protect their business from the impact of possible cuts in export tax rebates on certain steel products, currently being considered by the central government. Industry sources say there is a new sense of urgency in the...
Chinese scrap steel prices fall as stockpiles rise
Steel scrap prices reversed from March 5 to 12, influenced by recent fluctuations in other commodity prices. In addition, scrap steel inventories held by domestic steel mills increased during the week as scrap traders rushed deliveries to steel mills for fear that...