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Commodity Insight – Aluminium
Great upward momentum for London-listed aluminum, with prices now in the $2070 area, approaching the recent highs of late December 2020 at $2090/ton. Possible new tests of this level. Will prices succeed in to the break up or will there be new reversals? Analyzing the...
U.S. ferrous scrap exports are down 5 percent
The United States, the world's largest supplier of ferrous scrap, noted a decline in scrap exports in 2020. The country imported 16.55 million tons, down 5% year-over-year. Turkey continued to be the largest importer of scrap from the United States in 2010 with 4.03...
Copper price hits eight-year high on U.S. stimulus hopes
Copper prices rose again on Tuesday as investors weigh the prospects for a stimulus package in the United States. The metal gained ground on hopes that economic stimulus in the U.S. will further boost demand, and supported by Chinese stocks at a 10-year low. House...
Short overview on Chinese steel
Rebar and wire rod prices could fall from Feb. 8 to Feb. 19, mainly due to weaker demand, as most construction workers who have returned to their home cities are likely to resume work only after Feb. 26, at the end of the Chinese New Year celebrations according to...