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Base Metals Retreat On The SHFE: Profit-Taking And Macro Tensions Push Prices Lower
Base metals prices on the Shanghai Futures Exchange (SHFE) recorded a sharp correction during morning trading on Thursday February 5, with tin leading the losses, weighed down by a broadly risk-off market environment across global financial markets. At 10:30am...
Consolidation In The North American Service Center Sector: Kloeckner Strengthens Its Position With The Acquisition Of Camalloy
The process of consolidation in the North American service center sector continues at a sustained pace. Kloeckner Metals Corporation, which is set to soon become the second-largest service center on the continent, has announced the acquisition of non-ferrous...
Production Cuts And Maintenance Support Alumina In China: Prices Stabilize After Early-Year Slump
After weeks of downward pressure, China’s alumina market is showing signs of stabilization, supported by a series of production cuts and maintenance activities that have affected several refineries over the past two weeks. According to sources at Commodity Evolution,...
Copper Scrap Stalls In China: LME Volatility, Closed Arbitrage And A Frozen Market Ahead Of The Lunar New Year
China’s copper scrap import market went through a particularly static January, with trading volumes falling to minimal levels and market participants largely staying on the sidelines. Activity was primarily constrained by extreme volatility in London Metal Exchange...