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LME Warrants, Copper Becomes Scarcer While Weak Demand Penalizes Nickel
Base-metals warrant premiums remained largely stable on Wednesday August 26, despite generally weak demand and a reduced number of inquiries during the summer holiday season. Backwardations in copper and zinc helped support the value of immediately available metal,...
Cobalt, Standard Grade Falls But Backwardation Keeps The Market Divided
European standard-grade cobalt prices declined on Thursday August 27, following the emergence of liquidity and selling interest below the previous assessment range. The downward movement was fueled by the availability of cheaper offers, including material originating...
Aluminium, The Conflict Reshapes Trade Routes And Brings Supply Security Back To The Center Of The Market
The Middle East conflict has profoundly changed the international aluminium market, disrupting supplies, shifting trade flows and causing a sharp increase in physical premiums. The March 30 missile attacks on Emirates Global Aluminium and Aluminium Bahrain facilities,...
Black Mass In China, Falling Lithium And Weak Cobalt Restrain Payables
China’s battery-recycling market weakened in the week ended Thursday August 27. Payables for nickel-cobalt-manganese black mass declined, penalized by the sharp reversal in lithium carbonate, persistent cobalt weakness and the limited procurement needs of...