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European Low-Carbon Aluminum Market: Stability for Primary Aluminum, Pressure on Billets, Signs of Recovery for VAPs
The European low-carbon aluminum market was heterogeneous in the month ending Friday, October 3, with stable differentials for the primary metal P1020, a slight weakening for billets, and an increase for value-added products (VAPs) other than billets. Commodity...
Global Ferrous Scrap Market: Prices Decline or Steady Amid Weak Demand, Adverse Weather, and Asian Holidays
Global ferrous scrap prices traded sideways or slightly lower in the week ending Friday, October 3, amid weak demand, lower trade volumes, and challenging weather conditions in Asia. As reported by Commodity Evolution, the combination of a slowdown in steel...
CBAM Debate Ignites Climate Week in New York
The recent Climate Week NYC (September 21-28) brought global attention to the future of the Carbon Border Adjustment Mechanism (CBAM), the European Union's carbon border adjustment mechanism intended to reshape the global trade balance in emissions-intensive...
Discounts Rise in the US Recycled Copper Market While Demand Remains Sluggish
The US copper scrap market has seen a mixed week, with rising discounts and higher Comex prices, but domestic demand remains weak. Traders are reporting a cautious and wait-and-see climate, with smelters and brass producers moving cautiously, while refined copper...