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Aluminium Scrap In India Under Pressure: The LME Collapse Cools Purchases And Widens The Gap Between Buyers And Sellers
The Indian market for imported aluminium scrap entered a phase of strong caution in the week to Wednesday June 10, after the sharp decline in aluminium futures on the London Metal Exchange. The LME correction pushed Indian importers to ask for lower prices, while many...
SHFE Metals Mixed: Zinc Leads Declines Between Strong Dollar And Supply Risks
Base metals listed on the Shanghai Futures Exchange showed a mixed trend in the morning of Thursday June 11, with generally contained movements in most contracts. The most evident exception was zinc, which recorded the sharpest decline of the session, confirming the...
China, Trade Surplus Sharply Higher: Tech And AI Exports Push May Balance
China recorded in May a strong increase in its trade surplus, supported by very robust growth in exports, particularly in sectors linked to technology, semiconductors and artificial intelligence. The figure confirms the still central role of foreign demand for the...
US Copper Waiting For Tariffs: Panic On Arbitrage Cools, But Premiums Remain Under Pressure
The US copper cathode market showed signs of greater calm after the phase of strong nervousness linked to the arbitrage between London Metal Exchange and Chicago Mercantile Exchange, and to the expected decision on Section 232 tariffs. The panic observed in the...