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European Secondary Aluminium: Prices Under Pressure, But Scrap And Logistics Limit Declines
The European secondary aluminium ingot market remains caught between seasonally weak demand, lower international quotations, and raw-material costs that are difficult to reduce. Summer holidays have limited trading, while numerous consumers are already covered for...
SHFE Inventories: Copper Up 28.42%, Aluminium Down Amid High Prices And Selective Demand
Base-metal inventories registered at Shanghai Futures Exchange warehouses showed diverging trends in the week ending Friday, August 21. Copper recorded a sharp increase in availability, while aluminium registered a significant decline in inventories, supported by...
Aluminium: The Prospect Of A United States-Canada Agreement Could Redraw Flows To Europe
The international aluminium market is facing a potential new change in trade flows. The prospect of an agreement between the United States and Canada, which could reduce US tariffs on Canadian aluminium from 50% to 25%, has halted some negotiations in the United...
SHFE: Nickel Leads The Base-Metals Rally, But Demand Remains Cautious
Base metals listed on the Shanghai Futures Exchange opened the week predominantly in positive territory, with nickel leading the gains and tin the only contract to decline. At 10:30am on Monday, August 24, five of the six main metals in the SHFE complex were trading...